Goldman Sachs: US Crypto Market Structure Bill Could Be Key Catalyst for Accelerated Institutional Entry

Odaily News Goldman Sachs analysts, including James Yaro, stated in a report that the ongoing improvement in the regulatory environment is becoming a key factor driving further institutional adoption of crypto assets, particularly benefiting buy-side and sell-side financial institutions. It will also promote the development of new use cases for crypto assets beyond trading. The analysts pointed out that the US crypto market structure bill, the "Clarity Act," currently advancing in Congress is a significant catalyst.

The report believes the bill will clarify the regulatory framework for tokenized assets and decentralized finance (DeFi), and clearly delineate the regulatory responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This is a necessary prerequisite for unlocking institutional capital and driving compliant participation. Goldman Sachs also cautioned that the bill needs to pass in the first half of 2026; otherwise, the US midterm elections in November could delay the legislative process.

Previously, Republican Senate Banking Committee Chairman Tim Scott indicated that the relevant committee would revise and move the "Clarity Act" to a vote in the near future. Industry insiders also noted that although market adjustments towards the end of 2025 might slow short-term adoption, the smooth enactment of the bill could significantly accelerate genuine institutional entry. (Forbes)