2026 will be a year of policy implementation for the US cryptocurrency industry. The regulatory direction this year could directly reshape the entire market's rules of the game.

Big moves start early in the year. In January, the Senate will hold hearings on the Market Structure Act, with the core goal of resolving the long-standing regulatory jurisdiction dispute between the SEC and CFTC and establishing a unified regulatory framework for crypto assets. Meanwhile, the SEC is also considering launching an "Innovation Exemption" to reduce compliance costs for startups. This could be a positive signal for new projects.

By May, Federal Reserve Chair Powell's term will come to an end. Who the new chair will be and their attitude towards the crypto market will directly influence the tone of monetary policy and subsequently affect the liquidity expectations across the entire market.

In July, two events are worth noting. California's Digital Financial Assets Law will officially take effect, meaning crypto companies in the state must obtain compliance licenses to operate. At the same time, the federal "Stablecoin Bill" and its supporting regulations will be released, becoming a focal point of strategic competition.

In August, Congress may push forward crypto tax reforms, especially addressing the taxation of staking income. Additionally, the CFTC will complete the rulemaking for blockchain applications in capital markets.

The mid-term elections in November are the biggest wildcard. If control of Congress shifts, the current momentum for crypto legislation could be interrupted.

Overall, 2026 is a critical year for the US crypto industry as it seeks a new balance amid legislation, detailed regulations, and political negotiations.