The bank said bipartisan Senate talks on market structure legislation and parallel GENIUS Act rulemaking could deliver a workable U.S. crypto framework by early 2026.
Bitwise CIO Matt Hougan said BTC is likely to hit all-time highs next year, with lower volatility and weaker equity correlations reshaping how institutions view the asset.
The Wall Street firm said faster U.S. stablecoin and charter rules are pulling crypto into the regulated banking system and pushing banks toward an on-chain future.