The second quarter of 2026 will see several key regulatory and political milestones in the cryptocurrency industry. May 1 is regarded as a critical deadline for the advancement of the "Clarity Act" in the U.S. Senate, and the SEC's "Innovation Exemption" proposal for crypto companies is also expected to be implemented soon; on May 15, Federal Reserve Chair Jerome Powell's term will end, and his nominated successor Kevin Warsh is expected to adopt a more dovish monetary policy, which could impact the performance of risk assets like cryptocurrencies; from mid-May to the end of June, multiple congressional candidates supported by crypto super PACs will face primary elections; on July 1, the EU's MiCA transitional grace period will officially end, and non-compliant crypto asset service providers must exit the market in the region. (DL News)