Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, recently highlighted the importance of regulatory clarity for Bitcoin and cryptocurrency adoption during the Token2049 conference in Dubai. He emphasized that clear regulations will enable large financial institutions to invest more significantly in this sector, fostering its growth. 2049 saw numerous industry leaders congregate. McDermott also noted that lobbying efforts are pushing for swift implementation of cryptocurrency regulations by the current US administration. He acknowledged the significant progress made in the US’s crypto space, which he believes will drive further adoption and accelerate growth globally. He highlighted the potential for stablecoin regulation to play a key role in broader digital currency adoption by institutions.