Binance founder Changpeng Zhao, known as CZ, has said the crypto market could enter a supercycle as U.S. policy toward digital assets shifts decisively. He attributes the change to a 180-degree turn in Washington’s regulatory posture. The comment arrives as policymakers recalibrate a long-standing crackdown framework. The shift is underscored by the GENIUS Act, which last July was signed into law and established the first federal standards for payment-stablecoins, recognizing them as integral to the U.S. financial system rather than a source of systemic risk.
Regulators have framed stablecoins as essential elements of the financial plumbing. Industry observers expect the Senate Banking Committee to review the CLARITY Act on January 15, a move that could end the SEC-CFTC turf war and push for a single compliance regime. If enacted, the two agencies would be obligated to coordinate more closely. Even so, the SEC has signaled a shift away from an enforcement-first approach, excluding crypto from its 2026 examination priorities and focusing on artificial intelligence and third-party risk management instead.
Regulatory clarity is already drawing institutional capital, with Bitcoin spot ETFs attracting more than $56 billion since their 2024 launch. Traditional banks such as JPMorgan Chase and Morgan Stanley are actively developing crypto-focused products. Yet analysts caution that even a friendlier regulatory environment does not guarantee linear growth, urging investors to temper expectations. CZ has himself tempered his outlook, saying the future is hard to predict and acknowledging that a supercycle may not materialize overnight.
Leave a Reply