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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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
Trump to throw spotlight on overseas crypto abuses at White House event
Original sourceCoinDesk
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