Goldman Sachs CEO Backs Crypto Clarity Act, Breaking With Wall Street Stance

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According to Politico, Goldman Sachs CEO David Solomon this week expressed strong support for the Clarity Act, stating he is "very supportive of moving the Clarity Act forward" to establish market structure in the crypto sector. Solomon's endorsement positions Goldman apart from much of Wall Street, including JP Morgan CEO Jamie Dimon and major banking trade groups, who have lobbied against provisions governing stablecoin yield—a practice that allows crypto firms like Coinbase to offer rewards on dollar-pegged tokens.
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