BUSINESSBITCOIN MAGAZINE
Goldman Sachs Backs the Clarity Act, Splitting Wall Street Over Crypto Rules
Goldman Sachs CEO David Solomon supports the Clarity Act, a crypto market-structure bill, while opposing voices from JPMorgan and other banks highlight divisions over stablecoin yield provisions. The bill aims to create a level playing field for crypto markets but faces resistance from commercial banks concerned about deposit outflows and local lending impacts.
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- JPMorgan says crypto bill may have only a narrow window for passage this year
- ‘Clarity Act will pass this summer’: Coinbase CLO Grewal backs stablecoin compromise, urges banks to accept deal
- What Is the CLARITY Act? The Crypto Market Structure Bill Explained