Will a major country (or bloc, e.g. EU) pass new comprehensive crypto regulation (covering stablecoins, AML, etc.) by end of Q1 2026?

The EU is pushing beyond MiCA, with proposals for stricter supervision by ESMA, stablecoin reserve clarity, and cross-border AML rules. Passage by Q1 2026 is plausible, setting a global benchmark. If enacted, compliance burdens rise, but institutional trust may grow. Markets could react positively or negatively depending on scope.

geopolitics