The Milk Road Show 4 Bullish Signals for Crypto Despite Regulatory Uncertainty w/ David Duong
Jan 16, 2026
David Duong, Head of Institutional Research at Coinbase, shares insights on the crypto market's future amidst regulatory hurdles. He discusses the stalled Clarity Act and its implications, revealing how certain bank motives could delay crypto regulations. Delving into macroeconomic factors, David explains how $140 billion might boost market liquidity, emphasizing Bitcoin's potential to rival traditional assets like gold and stocks. His bullish outlook signals optimism for early 2026, marking a pivotal moment for investors navigating the ever-evolving crypto landscape.
AI Snips
Chapters
Transcript
Episode notes
Clarity Act Overloaded And At Risk
- The Clarity Act has become overloaded with competing policy items and bank lobby pressure.
- David Duong says this shift moved it away from core market-structure goals and put the bill at risk.
Former-Banker Perspective On Bank Motives
- David Duong shares his banking background, having worked at three banks.
- He suggests banks both resist and prepare for crypto to avoid losing business to asset managers like BlackRock.
Odds For A 2026 Market-Structure Bill Shrank
- Prediction markets fell from ~93% to ~50% odds for a 2026 market-structure bill.
- David Duong warns the timeline is ambiguous and midterms could reshape prospects.