《قانون الوضوح》 قد يكون نقطة تحول لدخول المؤسسات، غولدمان ساكس يوضح كيف يمكن لتحسينات التنظيم أن تفرج عن رأس مال التشفير

【Coin Circle】The gradual improvement of regulatory frameworks is becoming a key driving force for institutional capital inflow into the crypto market. Goldman Sachs analysts including James Yaro pointed out in their latest report that this trend will directly benefit buy-side and sell-side financial institutions, while opening up new application scenarios for tokenized assets and DeFi beyond trading.

Currently, the Clarity Act being promoted by the U.S. Congress is viewed as an important catalyst for this shift. The core value of this bill lies in——it will establish a clear regulatory framework for tokenized assets and decentralized finance, and clearly delineate the respective regulatory authority of the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission). Under such clear delineation, institutional capital can enter with confidence and can truly participate in compliance.

Goldman Sachs simultaneously emphasized the urgency of the time window. To proceed smoothly, the bill must pass before the first half of 2026, otherwise the midterm elections in November in the United States may impede the entire legislative process. Latest news shows that Republican Senate Banking Committee Chairman Tim Scott has indicated that the relevant committee will revise the Clarity Act in the near term and enter the voting stage.

The consensus among market observers is that although short-term adjustments may occur at the end of 2025, once this bill truly lands, it will directly accelerate large-scale institutional entry at the institutional level, which represents a qualitative leap forward for the maturity of the entire crypto market.