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Despite regulatory thaw in US, major questions remain globally for 2026

From crypto and tokenization to the CAT to consolidated tapes to T+1’s advancement, the regulatory space will be front and center in the New Year.

thaw

Often, regulation can be a fickle beast. For about four years, you have had a commissioner at the US Securities Exchange Commission, like Gary Gensler, throwing a litany of rules at the wall while pushing back on cryptocurrencies. Then the American people change their minds, elect a new president from the Republican Party, and in comes Paul Atkins. Just like that, those old Gensler policies start to get stripped back while the new administration embraces crypto.

The Gensler regime was marked by a

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