2025 Policy Shifts Pave Way for Crypto Innovations in 2026
James Ding Dec 17, 2025 18:07
Explore how 2025's digital asset policies, including U.S. momentum and global regulatory changes, set the stage for crypto advancements in 2026.
As 2025 draws to a close, significant policy changes in digital assets are shaping the future landscape of the industry, with expectations set high for further developments in 2026, according to Fireblocks. The year has been marked by a notable shift in the United States, where the Trump Administration's support led to a significant reduction in barriers for the banking sector's engagement with cryptocurrencies. This support has trickled down to various federal agencies, including the Federal Reserve Board and the Federal Deposit Insurance Corporation, which have withdrawn previous restrictive statements, thereby encouraging more comprehensive involvement in crypto activities.
Global Impact and Future Expectations
The U.S. policy momentum has not only influenced domestic markets but has also had a ripple effect internationally. Countries have been prompted to expedite their regulatory frameworks, shifting focus from risk aversion to competitiveness. This trend is expected to continue into 2026, although the U.S. midterm elections might influence the regulatory landscape. Globally, a tug of war is anticipated between progressive finance ministries and cautious regulators, with national champions likely to benefit most.
Comprehensive Market Structure Laws
In 2025, there was a significant push for comprehensive market structure laws that define regulatory responsibilities for digital asset trading and custody. The U.S. Market Structure Bill, though delayed, remains a focal point. Meanwhile, countries like Canada, Brazil, and the UK have made strides in establishing foundational crypto regulations. In 2026, the implementation of these frameworks will be pivotal, with Japan reclassifying digital assets as investment instruments, a move expected to influence tax treatment and licensing requirements.
Advancements in Stablecoin Legislation
Stablecoin regulation has seen considerable progress in 2025. The U.S. GENIUS Act, passed in June, and subsequent Treasury Department proposals have set the stage for further advancements. Globally, Hong Kong and Canada have introduced stablecoin regulations, while the Bank of England has proposed temporary holding caps to manage risks. In 2026, the focus will be on aligning stablecoin rules across regions and exploring their use in capital markets and settlement processes.
Understanding Decentralization in DeFi
The question of how decentralized finance (DeFi) should be regulated remains unresolved. While no major jurisdiction has made decisive moves, the UAE's recent framework hints at initial steps. In 2026, the SEC's proposed "innovation exemption" could offer U.S. institutions more certainty in DeFi partnerships, while the Market Structure Bill might clarify the treatment of DeFi under federal laws.
Tokenization of Financial Instruments
Tokenization of financial instruments was expected to advance in 2025, with political support outpacing regulatory clarity. Leaders from the SEC to the UK Chancellor have expressed aspirations of becoming hubs for tokenization, although regulatory support is still developing. In 2026, more progress is anticipated, especially in regions with supportive political narratives.
As the industry approaches 2026, the focus will shift from navigating the unknowns of digital assets to operating within a more defined regulatory landscape, offering opportunities for institutions to gain a competitive edge.
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