Front Stage Exit

Front Stage Exit

Gaming out crypto policy from now to the next presidency

Putting together the Clarity Act, the regulators, the 2026 election and the next Presidency — WAGMI

Brady Dale's avatar
Brady Dale
Feb 24, 2026
∙ Paid

The hash:

  • Regulators pass the rules crypto needs to move forward, whether or not Congress passes a law.

  • Once that happens, it will catalyze capital formation with tokens, which should bring liquidity to the market.

  • Between legislators retiring and aggression by PACs like Fairshake, the path leads toward a more and more pro-crypto Congress, though probably only pro-crypto enough not to do anything negative.

  • But it’s harder to roll back regulations than people think.

  • Another full-throttle attack on the industry looks wildly unlikely.

Illustration by Honoré Daumier, “The Legislative Belly” (1843) and a still from Mr. Smith Goes to Washington.

Today’s post is complicated, but it should also put you at ease.

I got out my crystal ball and looked into the next four years of U.S. policymaking for the blockchain business. This is a realistic prognosis, based on how policy actually works.

Policymaking is slow and complicated. Complexity means there are a lot of ways for policy to fall apart, but comple…

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