Bitwise Chief Investment Officer Matt Hougan anticipates the rise of over six regulated Initial Coin Offerings (ICOs) each surpassing $1 billion in 2025. These ICOs, expected to be facilitated by platforms such as Coinbase, will operate within established legal frameworks, marking a significant step in the crypto industry's evolution. Hougan emphasizes the advantages of regulated ICOs, including global reach, expedited capital formation, and fewer intermediaries compared to traditional IPOs. The launch of Monad (MON) on Coinbase's platform exemplifies the potential for compliant token sales.