CRYPTO WINTER COULD END WITH FEDERAL MARKET BILL - JPMORGAN
JPMorgan analysts, led by Nikolaos Panigirtzoglou, say a comprehensive federal crypto market structure bill could be the key to a 2026 recovery following the late-2025 market turbulence.
The proposed legislation aims to replace “regulation by enforcement” with a clear legal framework, giving institutional investors certainty on custody, exchange operations, and protections against market manipulation. Passing the bill by mid-2026 is seen as critical.
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CRYPTO WINTER COULD END WITH FEDERAL MARKET BILL - JPMORGAN
JPMorgan analysts, led by Nikolaos Panigirtzoglou, say a comprehensive federal crypto market structure bill could be the key to a 2026 recovery following the late-2025 market turbulence.
The proposed legislation aims to replace “regulation by enforcement” with a clear legal framework, giving institutional investors certainty on custody, exchange operations, and protections against market manipulation. Passing the bill by mid-2026 is seen as critical.
A central focus will be preventing wash trading and enforcing transparency for market makers - addressing the issues behind the October 10, 2025 crash. JPMorgan anticipates this could trigger a late-2026 rally as legal clarity restores confidence.
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