I recently came across a research report analyzing the changing trends in the US crypto market, and I found it quite interesting.

Since last year, the evolution of the US crypto regulatory framework has accelerated significantly. The CLARITY Act clearly delineates the responsibilities of the SEC and CFTC, while the GENIUS Act establishes federal standards for stablecoins. Additionally, financial institutions like the Federal Reserve have gradually lifted various restrictions on crypto businesses, moving the industry from a vague state to a more regulated and predictable phase.

What does this mean for institutional investors? Policy certainty. The previous uncertainty was the biggest obstacle to large-scale institutional entry, and now this issue has been essentially resolved.

Goldman Sachs predicts that the sectors of tokenization, DeFi, and stablecoins will benefit the most from the new regulations. Especially the tokenization of real-world assets (RWA) combined with stablecoins has the potential to build an efficient value transfer system. It sounds like a bridge between traditional finance and the blockchain world.

Another signal is that traditional financial giants like Citibank are preparing to launch crypto custody services by 2026. What does this indicate? It shows that the channels for institutional capital to enter the market are becoming wider. Companies in crypto infrastructure will also benefit from ecosystem expansion and can better hedge against trading cycle volatility.

From this perspective, 2026 is likely to be the starting point for systematic allocation of crypto assets by institutional investors, and a watershed moment for the industry to move toward more standardized development.