Along with many factors, the failure of regulatory efforts regarding cryptocurrencies also affects the charts. Last year we saw declines triggered by the debate around GENUS. The legislative work, which started in 2025 to bring clarity to the cryptocurrency markets, has been disrupted for two reasons, and if it continues like this, it will not be completed in 2026. This means it may never become law.
Cryptocurrency Law Is Blocked
Washington was expected to approve comprehensive crypto clarity legislation in 2026. However, the process is blocked due to two main problems. The first of these is how stablecoin returns will be handled. Democrats want this to be prevented under pressure from the banks. The second problem is Trump cryptocurrency The desire to prevent interests in his work that could lead to comments that amount to bribery. Over the past year, we have listened to Democrats address Congress on this issue.
Ron Hammond, Wintermute’s head of policy and advocacy, gives only a 25 percent chance of cryptocurrency legislation passing this year.
The current bill, which will resolve the confusion of authority between the US Securities and Exchange Commission and the Commodity Futures Trading Commission, will eliminate many problems in crypto. Even though altcoins are classified as securities, it also paves the way for their classification to be converted into a commodity. However, the process will not be able to progress with the support of both parties unless the two problems mentioned above are eliminated. Since the Senate majority cannot be reached without bipartisan support, the process will be blocked and the process will end with the election recess that will begin in the third quarter.
Midterm Elections and Crypto Laws
If the process regarding the cryptocurrency law cannot be completed this year, the chances of the law being passed in the next 2 years will be quite slim as Trump will probably lose blood in the midterm elections. Already 6 Republicans have raised their hands for Canadian legislation against Trump. Since crypto is a much more controversial issue, it becomes difficult for the Republicans, who are unable to act as a bloc even on tariffs.
Trump, World Liberty Financial including crypto- As far as is known, he earned 1.4 billion dollars from his work. The figure increases even more when background earnings, indirect support from election support, etc. are added. This situation causes Democrats to ask the question, “What will happen if every incoming president or minister somehow speculates on cryptocurrencies and uses his public office to profit from the crypto business?”
Wintermute’s Hammond said:
“For better or worse, there is a very pervasive narrative around the president and his family’s involvement in the crypto industry, the corruption of that administration, or the perceived corruption associated with much of the crypto industry.
“As we get closer and closer to the election, we clearly see this being used in campaign ads.”
