tags. Keep names like SEC, CFTC, Treasury, Federal Reserve, Singapore, Hong Kong, Dubai as is. Use "crypto" as "krypto" or "crypto"? In Danish, "krypto" is common. "Stablecoins" stays as "stablecoins" or "stablecoins" (English term used). "Yield" can be "afkast". "Capital flight" = "kapitalflugt". "Institutional investors" = "institutionelle investorer". "Regulatory clarity" = "regulatorisk klarhed". "On-ramp" - maybe "indgang" or "on-ramp" (English term used). "Balance sheets" = "balancer". "Patchwork" = "lappeløsning" or "sammensurium". "Ambiguous" = "tvetydig". "Coherent" = "sammenhængende". "Blesses" = "godkender". "Legitimate payment infrastructure" = "legitim betalingsinfrastruktur". "Dollar-denominated" = "dollardenomineret". "Reinforces" = "styrker". "Headwind" = "modvind". "Permissible" = "tilladt". "Yield-bearing product" = "afkastgivende produkt". "Registered investment advisers" = "registrerede investeringsrådgivere". "Cap the returns" = "begrænser afkastet". "Crypto-backed product" = "kryptobaseret produkt". "Juicier returns" = "højere afkast" (juicier = saftigere, but better "højere"). "Courting" = "tiltrækker" or "kurrer efter". "Accommodating rules" = "imødekommende regler". "Tension" = "spænding". "Thrive" = "trives". "Preferred base currency" = "foretrukne basisvaluta". "Settle" = "afvikles". "Venues" = "platforme" or "steder". "Align" = "tilpasses". "Yield-chasing" = "afkastjagende". "Endowments" = "fonde" (legater). "Safety and compliance" = "sikkerhed og compliance". "Trump" = "overgå" or "være vigtigere end". "Concrete federal crypto bill" = "konkret føderal kryptolov". "Joint statement" = "fælles erklæring". "Semiannual agenda" = "halvårlig dagsorden". "Relaxing yield constraints" = "lempe afkastbegrænsninger". "Accelerate" = "accelerere" or "stige". "Balance" = "balancere". "Institutional wave" = "institutionel bølge".
Also meta description: "U.S. regulatory clarity may unlock institutional crypto adoption and boost USD stablecoins, but stricter yield rules could push capital toward higher-return Asian markets. A balancing act for 2026." Translate to Danish: "Regulatorisk klarhed i USA kan låse op for institutionel kryptoadoption og styrke USD stablecoins, men strengere afkastregler kan presse kapital mod asiatiske markeder med højere afkast. En balancegang for 2026."
Now write the JSON. Ensure proper escaping for HTML. The content should be inside tags with translated text. I'll write the translation paragraph by paragraph.
Original first paragraph: "The U.S. is inching toward the kind of regulatory clarity that could finally bring big institutional money into crypto — think pension funds, insurance companies, the kind of capital that's sat on the sidelines for years. At the same time, a separate set of tighter yield rules in the U.S. may push some of that same capital toward Asian markets offering juicier returns. The two trends are pulling in opposite directions, and the net effect on the market is anything but settled."
Translation: "USA nærmer sig den slags regulatoriske klarhed, der endelig kunne bringe store institutionelle penge ind i krypto – tænk pensionskasser, forsikringsselskaber, den slags kapital, der har stået på sidelinjen i årevis. Samtidig kan et sæt strengere afkastregler i USA presse noget af den samme kapital mod asiatiske markeder, der tilbyder højere afkast. De to tendenser trækker i modsatte retninger, og nettoeffekten på markedet er langt fra afgjort."
Second paragraph (h2 Why clarity matters now): "For years, institutional investors have said they want clear rules before they dive deep into crypto. The U.S. has been a patchwork of state-by-state licenses, ambiguous SEC guidance, and conflicting court rulings. This week, signs are building that lawmakers and regulators are moving toward a more coherent federal framework. That shift could unlock a wave of adoption from players who've been waiting for legal cover to hold digital assets on their balance sheets."
Translation: "I årevis har institutionelle investorer sagt, at de ønsker klare regler, før de dykker ned i krypto. USA har været en lappeløsning af statsbaserede licenser, tvetydig SEC-vejledning og modstridende domstolsafgørelser. Denne uge er der tegn på, at lovgivere og regulatorer bevæger sig mod en mere sammenhængende føderal ramme. Det skift kan låse op for en bølge af adoption fra aktører, der har ventet på juridisk dækning for at holde digitale aktiver på deres balancer."
Third paragraph (continues under same h2? Actually after h2 there is a paragraph then another paragraph under same h2? The original has two paragraphs under "Why clarity matters now". The first is the one above, then: "One of the biggest beneficiaries would be USD stablecoins. If the U.S. formally blesses them as legitimate payment infrastructure, they become a global on-ramp for dollar-denominated crypto activity. That reinforces the dollar's role in the digital economy — a priority for both the Treasury and the Federal Reserve. But the catch is that stablecoins only work if capital stays in the U.S. ecosystem."
Translation: "En af de største begunstigede ville være USD stablecoins. Hvis USA formelt godkender dem som legitim betalingsinfrastruktur, bliver de en global indgang for dollardenomineret kryptoaktivitet. Det styrker dollarens rolle i den digitale økonomi – en prioritet for både finansministeriet og Federal Reserve. Men fangsten er, at stablecoins kun fungerer, hvis kapitalen bliver i USA's økosystem."
Now h2 "The yield rule headwind": "That's where the second force kicks in. U.S. regulators are getting stricter about what counts as a permissible yield-bearing product, especially for banks and registered investment advisers. The tighter rules are meant to protect retail investors from risky promises, but they also cap the returns institutions can offer to their clients. When a U.S. fund can only offer 2-3% on a crypto-backed product, an Asian exchange offering 6-8% starts to look very attractive."
Translation: "Det er her den anden kraft træder ind. USA's regulatorer bliver strengere med hensyn til, hvad der tæller som et tilladt afkastgivende produkt, især for banker og registrerede investeringsrådgivere. De strengere regler har til formål at beskytte detailinvestorer mod risikable løfter, men de begrænser også det afkast
