The coming year is viewed as a critical year for cryptocurrency legislation in the United States. Industry insiders estimate that the likelihood of a comprehensive market structure bill being passed in 2026 is between 50% and 60%. Major obstacles include reconciling the Senate Banking and Agriculture Committee drafts, resolving debates over the regulation of yield-bearing stablecoins and decentralized finance (DeFi), as well as alleviating concerns about the potential primary role of the U.S. Securities and Exchange Commission (SEC) in token classification. The insufficient number of Commodity Futures Trading Commission (CFTC) commissioners and the conflicts of interest present in the cryptocurrency space under President Trump are also significant factors. Lawmakers face an urgent timeline to advance the bill before the intensification of the 2026 midterm election campaigns, while the post-election window at the end of 2026 may be the last opportunity.