The Crypto Industry in 2026: It's Not 'Dead', It's Just the Beginning Recently, Twitter has been filled with phrases like 'encryption is dead' and 'industry reflections'. But I want to do something more important today: look ahead to 2026, rather than reviewing past cycles. In my opinion, there are three deterministic opportunities for the cryptocurrency industry in 2026 one ️⃣ The United States is moving towards encryption friendly regulation Many people only focus on the GENIUS Act for stablecoins, but the truly far-reaching impact is the CLARITY Act (Digital Asset Market Clarity Act). Its core is to regulate new things with innovative thinking -Clarify what a commodity/security is -Replacing traditional securities laws with innovative regulation -Simultaneously preventing chives from being cut and preserving innovation Once the rules are clear, institutional funds will inevitably flow back. For the entire industry, this is a systemic benefit. Latest update: The CLARITY Act will be revised in January and is expected to be passed at the beginning of the year. two ️⃣ On chain finance is entering the core of Wall Street When everyone is staring at the price of Bitcoin and discussing 'encryption is dead', NASDAQ has been quietly promoting stock tokenization and seeking SEC approval. Why does Nasdaq have to take its own life? Because they know that blockchain is the future. Stablecoins → Funds on Chain Treasury bond/monetary fund/stock → asset uplink Once the asset side and fund side form a closed loop, The era of on chain finance has officially begun. Predicting the market is the best example: A model that cannot be scaled up in traditional finance has exploded on the chain. Hashkey Chairman Xiao Feng stated that by the second half of next year, the market system of on chain finance will truly be operational. three ️⃣ AI Agent x Blockchain=New Economic Paradigm We are moving from Internet economy to Agent economy The problem is that the Agent economy cannot adapt to the traditional FinTech KYC/compliance/payment system. And blockchain is born for agents: -Without permission -Can be combined -Native settlement AI Agent+blockchain is a perfect combination. From the agent meme craze at the beginning of the year to the recent explosion of x402 protocol, the agent economy is gradually advancing on the blockchain @CZ_Sinance made it clear in the year-end AMA that AI+Web3 is a deterministic Alpha. Based on the above three points, do you still think encryption is dead?