1inch lawyer sees agencies driving US crypto regulation as midterms unfold - TradingView

A lawyer for the decentralized exchange aggregator 1inch has suggested that U.S. crypto regulation is increasingly being shaped by federal agencies rather than Congress, as the midterm election cycle unfolds. The observation points to a familiar pattern in U.S. digital-asset policy: with legislative action on crypto market structure still pending, agencies have stepped into the gap through enforcement actions, guidance, and rulemaking.

The practical implication is that the regulatory environment for crypto firms may shift with agency priorities and leadership rather than through a single, comprehensive statute. That can create uncertainty for projects weighing U.S. expansion, since compliance expectations may vary by agency and evolve between administrations.

For market participants, the key takeaway is to watch the agencies themselves—their enforcement posture, formal guidance, and any rulemaking touching tokens, exchanges, or stablecoins—alongside election outcomes. The midterms matter because they can influence congressional appetite for crypto legislation and the political context in which agencies operate. Until a clearer statutory framework emerges, agency signals are likely to remain a primary driver of U.S. crypto policy and, by extension, of how the industry interprets regulatory risk.