JPMorgan Links Potential H2 2026 Crypto Recovery to U.S. Market-Structure Legislation

On 27 February 2026, JPMorgan analysts led by Nikolaos Panigirtzoglou said a meaningful rebound in U.S. crypto markets during the second half of 2026 depends on Congress passing market-structure reforms by midyear. They highlighted growing institutional dominance in Bitcoin flows, falling volatility, and ongoing disputes in Congress over stablecoin yield rules as key variables that could either unlock or delay the next wave of capital.