《Clarity Act》推进 hoặc có thể trở thành bước ngoặt cho sự tham gia của các tổ chức, Goldman Sachs phân tích chi tiết cách cải thiện quy định có thể giải phóng vốn hóa tiền điện tử

【Coin World】The gradual improvement of regulatory frameworks is becoming a key driving force behind institutional capital inflows into the cryptocurrency 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 advanced by the U.S. Congress is viewed as an important catalyst for this transformation. The core value of this bill lies in — it will establish clear regulatory frameworks for tokenized assets and decentralized finance, and clearly delineate the respective regulatory jurisdictions of the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). With such clear delineation, institutional capital can confidently enter the market, and true compliant participation becomes possible.

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 U.S. midterm elections in November could derail the entire legislative process. Latest reports show that Republican Senate Banking Committee Chairman Tim Scott has indicated that the relevant committee will make revisions to the Clarity Act and proceed to the voting stage in the near term.

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