Looks like the second half of the year might be the peak for U.S. stocks, so even though the crypto world is just now shifting focus to U.S. stocks, it’s not too late to ride the wave for a few more months. 1. Secretly filing a draft is a standard move under the JOBS Act. Eligible companies can submit confidentially and only need to make the content public about 21 days before the roadshow (Fortune says at least 15 days). 2. The SEC review process typically takes 60–120 days, and for the AI category—especially with PBC structures and Long Term Benefit Trusts—it’s highly likely to attract a lot of inquiries. Starting from today, if we calculate based on the longest timeline, it lines up perfectly with October. 3. Bloomberg also mentioned plans to go public as early as October.