Overview
- Bitcoin remains stuck around the mid-$60,000s and ether near $2,000, with trading volumes thinning across major exchanges.
- Analysts led by Nikolaos Panigirtzoglou argue that passage of the U.S. market-structure bill could lift crypto markets in the second half of 2026.
- The proposal would split oversight between the SEC and CFTC by classifying tokens as digital securities or commodities.
- The bill includes a $75 million annual fundraising allowance for new projects without full SEC registration and a grandfather clause treating certain pre-2026 spot ETF-linked tokens as commodities.
- Progress has stalled after a Senate Banking Committee markup was postponed when Coinbase withdrew support, citing concerns over innovation, competition, and restrictions on stablecoin rewards.