The U.S. is set to experience significant crypto regulatory developments in 2026. In January, the Senate is expected to advance hearings on market structure legislation, potentially introducing an SEC "innovation waiver" mechanism. By May, Federal Reserve Chair Powell's term will end, with Trump possibly appointing a more dovish successor, impacting the risk asset environment. July will see the California Digital Financial Assets Law come into effect, requiring industry participants to operate with licenses. Mid-July will also mark the release of regulatory details under the Genius Act, covering licensing, custody, and AML rules. August may bring progress on crypto tax legislation and the completion of CFTC blockchain market rules. The November 3rd midterm elections could be a major policy shift, potentially altering the current "crypto-friendly window" if Congress changes hands.