Investor Kevin O’Leary said that he expects U.S. crypto market structure legislation to pass before the 2026 midterm elections, pegging May 15 as the target date.
Shark Tank investor @Kevinolearytv on the timing of crypto legislation:
“I’ll give you my estimate — May 15th.” pic.twitter.com/FBncqLN1OT
— CoinDesk (@CoinDesk) January 25, 2026
O’Leary positioned stablecoin rewards as the key bottleneck, saying it accounts for 90% of the delays and arguing it is unfair if platforms are blocked from paying rewards on idle stablecoin balances. The friction has already moved the goalposts: Coinbase pulled support hours before a planned vote, triggering an indefinite postponement of the bill’s markup, while CEO Brian Armstrong argued users should be able to earn 3.8% yield on stablecoins.
What to watch next is whether negotiators land a compromise that allows rewards tied to stablecoin usage, but not passive balances, and whether the committee calendar resets in a way that keeps a May 15 runway credible.
Source: CoinDesk (X post).
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