The United States is approaching a significant milestone in cryptocurrency regulation with the upcoming review of Senator Lummis's Market Structure Act in January 2026. This legislation aims to provide regulatory clarity similar to the European Union's MiCA framework, focusing on user protection and market stability. Recent developments include the SEC's Project Crypto initiative, which seeks to enhance oversight, and the FDIC's support for insuring crypto banks. Additionally, David Sacks, an advisor to Trump, has indicated that the bill is closer to passing than ever, highlighting growing bipartisan support for comprehensive crypto regulation.