[CoinDesk] Crypto's Washington hopes fade, but Grayscale and BlackRock see growth ahead

Grayscale and BlackRock said crypto demand remains intact despite fading hopes for favorable U.S. legislation, with Grayscale arguing global demand and institutional adoption will sustain the industry and BlackRock reporting little impact on its crypto business. The comments follow a political setback in Washington that has clouded the regulatory outlook for digital assets. Neither firm disclosed updated figures for assets under management, fund flows or token prices in the remarks. The stance matters because the two asset managers are among the largest institutional gatekeepers for crypto exposure, and their confidence signals that adoption trends may outweigh legislative delays. Watch for clarity on U.S. market-structure and stablecoin bills, plus flows into spot bitcoin and ether exchange-traded products, as the next tests of that thesis.