Goldman Sachs (GS) sees regulation driving next wave of institutional crypto adoption
Wall Street giant Goldman Sachs (GS) said improving regulation and the emergence of crypto use cases beyond trading are underpinning a constructive outlook for the industry, particularly for infrastructure companies that support the ecosystem without being as exposed to market cycles.
Regulatory uncertainty remains the main barrier for institutions, and that backdrop is shifting rapidly, the bank said in a report on Monday.
“We see the improving regulatory backdrop as a key driver to continued institutional crypto adoption, especially for buyside and sellside financial firms, as well new use cases for crypto developing beyond trading,” analysts led by James Yaro wrote.
According to Yaro, forthcoming U.S. market structure legislation could…
