[The Dual-Track Framework of U.S. Crypto Regulation in 2026] December 27 news: In the second year of the Trump administration, the landscape of U.S. crypto regulation underwent a shift. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) transitioned from jurisdictional disputes to close collaboration, jointly advancing crypto regulation. SEC Chairman Paul Atkins promoted the token classification system, Project Crypto, and innovative exemption mechanisms, while approving multiple standards for listing crypto ETFs and prioritizing asset tokenization as a regulatory focus. The CFTC accelerated rule clarification through Crypto Sprint, with newly appointed Chairman Michael Selig expected to play a central role in regulating crypto commodities like Bitcoin. Industry insiders believe that by 2026, U.S. crypto regulation will exhibit a dual-track framework, with SEC driving institutional innovation and CFTC leading market expansion.

Gold, silver, platinum and copper all surged to new records as metals — not bitcoin — attracted capital on the debasement trade and geopolitical tension. What to know : Major cryptocurrencies and crypto stocks slid in early U.S. trade Friday, with bitcoin slipping back below $87,000 and bitcoin miners down 5% or more across the board. Gold, silver and other metals surged, with geopolitical concerns adding to the debasement trade.

[S&P 500 Hits Record High, Market Anticipates 'Santa Claus Rally' Supporting U.S. Stocks] On December 26, the S&P 500 Index extended its gains in light holiday trading, reaching a historic high. NVIDIA's stock price rose as analysts expressed optimism about its licensing agreement with artificial intelligence startup Groq. Market sentiment was buoyed by seasonal patterns, with investors focusing on the 'Santa Claus Rally' that typically occurs from the end of the year into the beginning of the next. Piper Sandler's Chief Market Technician Craig Johnson stated that the market is expected to maintain a structural trend in the final four trading days, though it may become more fragmented. This outlook is supported by broader market participation and easing inflation.

[Glassnode Co-Founder Analyzes Changes in Bitcoin Price Structure] On December 26, Glassnode co-founder Negentropic stated that Bitcoin's price structure is undergoing positive changes. Recent pullbacks have been supported by buying pressure, previous lows remain intact, and the market is showing a constructive trend. With the expiration of Bitcoin options worth approximately $23.6 billion in nominal value, the deleveraging effect in derivatives has largely cleared, the price suppression phase has ended, and the price discovery mechanism is gradually returning. Negentropic pointed out that the U.S. M2 money supply has grown by 4.3% year-on-year, indicating that the long-term fiat currency dilution trend has not ceased. Macro and structural factors are creating a favorable environment for Bitcoin.

[Spot Gold Rises to $4,540 per Ounce, Significant Gains in Palladium and Platinum] On December 26, spot gold rose to $4,540 per ounce, with a daily increase of 1.35%. Spot palladium surpassed $1,900 per ounce, with a daily increase of over 12%. Spot platinum continued its upward trend, with a daily increase of over 10%, reaching a record high of $2,452.95 per ounce.