and it highlights two big topics that many crypto investors are watching closely. One is regulation in the United States and the other is the rise of quantum computing. According to the firm only one of these is likely to shape the market in the near future.
Grayscale believes a bipartisan crypto market structure law in the United States is likely to pass in 2026. The firm sees strong momentum in Washington toward clearer rules for digital assets. Even though talks are still ongoing about some details the overall path is becoming more obvious. Lawmakers are moving toward rules that look more like traditional finance. These rules would explain how crypto assets are classified and what kind of reporting and registration is needed. They would also set limits on insider behavior and improve transparency across the market.
If such a law is passed it could have a real impact on how crypto is used. Grayscale says clearer rules would make many regulated financial firms more comfortable with crypto. Banks asset managers and other institutions may feel safer holding digital assets on their balance sheets. Legal clarity could also push more institutions to use blockchains directly for payments trading and record keeping. This would be an important step toward a more mature and institutional crypto market.
The firm believes this shift would not happen overnight. Still it would mark the early stage of a new phase where crypto becomes more closely connected with the broader financial system. For investors this could mean more stable growth and wider participation over time.
On the other hand Grayscale thinks concerns around quantum computing are getting more attention than they deserve right now. Quantum technology is advancing and in theory it could break the cryptography that blockchains use today. If that happens bad actors could try to access wallets or fake transactions. Grayscale agrees that this is a real risk in the long run.
However the firm does not expect quantum computing to affect crypto prices in the near future. According to the report the technology is not yet advanced enough to pose an immediate threat. While the topic may create headlines and debate it is unlikely to change market behavior in 2026.
Over time Grayscale expects most blockchains to upgrade to new security systems that can resist quantum attacks. This will be part of a broader shift across the digital world not just crypto. In the future markets may care about which networks are best prepared for this challenge. But for now the firm sees it as a distant issue rather than a pricing factor.
In summary Grayscale believes regulation is the key theme to watch. Clear rules could unlock wider adoption and bring crypto closer to mainstream finance. Quantum computing remains important but it is not something that should worry investors in the short term.
