Goldman Sachs Says U.S. Crypto Rules Could Fuel Global Adoption
Goldman Sachs’ Global Head of Digital Assets, Mathew McDermott, believes the evolving regulatory landscape in the U.S. may play a key role in boosting worldwide adoption of Bitcoin and cryptocurrencies.
Speaking at Token2049 in Dubai, McDermott pointed to the two stablecoin bills currently under consideration in the U.S. as potential catalysts for broader adoption of digital assets. If approved, the legislation would provide the clarity financial institutions need to integrate stablecoins into their operations, potentially speeding up their usage across traditional finance.
U.S. Leadership May Drive Global Market Growth
According to McDermott, progress in U.S. crypto regulation could send a positive ripple effect through global markets.
Increased institutional participation, driven by regulatory certainty, may lead to more mainstream interest and capital flowing into the digital asset space.
The firm continues to monitor developments closely, viewing regulatory clarity as a critical step toward long-term growth in the crypto ecosystem.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
