Regulation, not quantum computing fears, is set to influence crypto markets in 2026, Grayscale says.

As 2025 comes to a close, investor focus is converging on two key questions for digital assets: when Washington will deliver a comprehensive regulatory framework, and whether quantum computing poses an imminent threat to blockchain security, according to a report from crypto asset manager Grayscale.

Grayscale analysts say one of these factors is likely to shape markets in the near term, while the other is largely a distraction. The firm expects a bipartisan crypto market structure bill to pass in 2026, marking a milestone for the industry. While details remain under negotiation, the broad approach is clear: lawmakers are moving toward a traditional financial-market rulebook for crypto, covering registration, disclosure, clearer asset classifications, and insider safeguards.

A harmonized regulatory framework could accelerate adoption. Regulated firms may become more comfortable holding digital assets, and legal clarity could encourage institutions to transact directly on blockchains, signaling the start of a more institutional era.

By contrast, quantum computing risks are real but overstated. While powerful quantum computers could theoretically compromise blockchain security, Grayscale sees these threats as distant and unlikely to impact near-term prices. Over time, blockchains, including Bitcoin, will need to adopt post-quantum cryptography, but the immediate market impact is minimal.