All rumors would about big institutions offering services related to crypto would turn out to be true eventually. This is something that's going be be happening more and more lately as bitcoin is reaching a point where only institutional adoption would get it further, but if it happens there is potential for a big increase even from that point on. Institutions are recognizing that, and along with the interest form big investors, they are now investing in offering BTC-related services.
Those big financial institutions by now should realized that bitcoin is here to stay for good. And they can't really ignore the fact the bitcoin and crypto's, how much they bashed, attacked it, will be the wave of investments. More clients of them are clamoring to include bitcoin in their contracts, that's why CME give in to them.
And yes, this is definitely a great news to see. Specially that 5 digits has been touched, bitcoin ecosystem will get a fresh members being admitted and all aboard with the hype train.
Government will bow to the will of the people according to their democratic dogma. Cryptocurrency is the people's will.
It's financial institutions that we are talking about here. Government is different though, they wouldn't just bow to the people's will as you have mentioned. Look at data, there's still a lot of countries choosing to ban bitcoin like China and Russia.