Goldman Sachs: Dự luật cấu trúc thị trường tiền mã hóa Mỹ có thể trở thành chất xúc tác then chốt thúc đẩy các tổ chức gia nhập

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

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

Previously, Republican Senate Banking Committee Chairman Tim Scott indicated that the relevant committee would soon revise the "Clarity Act" and move it to a voting stage. Industry insiders also noted that although market adjustments at the end of 2025 might slow short-term adoption, if the bill is successfully enacted, it could significantly accelerate genuine institutional entry. (Forbes)