The trajectory of crypto market structure regulations presents a interesting dual dynamic. If key legislative proposals fail to materialize, we could see downward pressure—regulatory uncertainty often spooks markets and pushes traders to the sidelines. However, flip the script: should policymakers actually implement the necessary framework overhauls, that's potentially a different story. Comprehensive regulatory clarity tends to attract institutional capital and reduce systemic risk perception. So we're looking at two possible scenarios with inverse market implications. The real catalyst depends entirely on which direction the legislative wind blows in coming months.