As 2025 closes, investor attention is focused on two major questions for digital assets: when Washington will enact a comprehensive regulatory framework, and whether quantum computing poses an immediate threat to blockchain security, according to crypto asset manager Grayscale.
Grayscale analysts say one of these issues will drive markets in the near term, while the other is largely overstated. They expect a bipartisan crypto market structure bill to pass in 2026, a milestone for the industry. Although some details are still being negotiated, the direction is clear: lawmakers aim to apply traditional financial-market rules to crypto, including registration, disclosure, clearer asset classifications, and safeguards for insiders.
A harmonized regulatory framework could accelerate adoption. Regulated firms may feel more confident holding digital assets, while legal clarity could encourage institutions to transact directly on blockchains — signaling the start of a more institutional era.
Quantum computing risks, by contrast, are real but distant. While powerful quantum computers could theoretically compromise blockchain security, Grayscale says these threats are unlikely to affect near-term prices. Over time, blockchains, including Bitcoin, will need to transition to post-quantum cryptography, but the immediate market impact is minimal.
