Launching financial blockchain products for their customers is becoming a major case of get ready, set and wait for the traditional financial sector.
From stablecoins to tokenized deposits, bitcoin ETFs and digital asset treasury solutions, global financial institutions have used 2025 to tee up the releases of some of their most forward-thinking 2026 advances. But as the 118th Congressional cycle nears its second half in the U.S., the regulatory landscape has failed to progress in step with the guidance needed for the success of many banks’ announcements.
The GENIUS Act regulating stablecoins was enacted on July 18 but has yet to be implemented, at least until the U.S. Department of the Treasury releases its regulations covering reserve composition, disclosures, affiliate relationships and the precise definition of “yield.”
Meanwhile, competing drafts of crypto markets regulations have yet to see a floor vote and remain in committee.
This legal backdrop is ultimately shrouding in uncertainty whether 2026 will shape up to be the year the world’s largest financial institutions finally flip the “on” switch when it comes to blockchain-based financial services.
