Goldman Sachs: US Crypto Market Structure Act Could Be a Key Catalyst for Institutional Entry

Goldman Sachs analysts, including James Yaro, stated in a report that the continued improvement in the regulatory environment is becoming a key factor driving further institutional adoption of crypto assets, particularly benefiting both buy-side and sell-side financial institutions. This will also promote the development of new application scenarios for crypto assets beyond trading. Analysts point out that the Clarity Act, currently being pushed forward in Congress to reform the US crypto market, is a significant catalyst. The report argues that this act will clarify the regulatory framework for tokenized assets and decentralized finance (DeFi), and clearly define the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), a necessary prerequisite for releasing institutional capital and promoting compliant participation. Goldman Sachs also cautions that the bill needs to be passed 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 stated that the committee would soon revise the Clarity Act and enter the voting stage. Industry insiders also point out that although market adjustments at the end of 2025 may slow short-term adoption, if the bill is successfully passed, it could significantly accelerate genuine institutional entry. (Forbes)