In brief
- Goldman Sachs CEO David Solomon told Politico he is “very supportive of moving the Clarity Act forward.”
- His stance breaks with much of Wall Street, including JP Morgan’s Jamie Dimon and a coalition of banking trade groups who want stronger language limiting stablecoin yield.
- The endorsement lands as Republicans circulate updated bill text preserving the market framework while adding contested ethics provisions, leaving the Clarity Act’s Senate path uncertain ahead of a hoped-for vote before the August recess.
Goldman Sachs Chairman and CEO David Solomon has come out in favor of the Clarity Act, positioning one of Wall Street’s biggest banks apart from much of the industry as the crypto market-structure bill approaches a…
