The Goldman Sachs CEO said the crypto market structure bill would create a more stable regulatory framework, breaking with other major bank leaders who oppose key stablecoin provisions.
- Goldman Sachs CEO David Solomon said he supports advancing the CLARITY Act despite acknowledging the legislation is "not perfect."
- His endorsement contrasts with criticism from JPMorgan CEO Jamie Dimon and other banking executives over provisions allowing crypto firms to offer yield-bearing stablecoins.
- The comments come as Republican senators circulate updated bill text ahead of a possible Senate floor vote next week.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Senate Dems should accept the victory they won on Trump's crypto limits: White House
EU hits Russia with massive 21st sanctions package targeting $120B crypto network
Clarity Act expected to miss its window before Congress' summer break, leadership says
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