Goldman CEO Backs CLARITY Act, Splitting Wall Street

The CLARITY Act is designed to divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, giving exchanges, token issuers and investors clearer rules. The House passed its version on July 17, 2025, by 294-134. Senate negotiations have since centered on stablecoin rewards, investor protections and ethics restrictions for public officials, making the measure a test of whether Washington can create a durable market structure without favoring banks or crypto companies.

Goldman Sachs CEO David Solomon on July 23, 2026, backed moving the bill forward, calling it “not perfect” but saying it could create a level playing field, bolster market stability and support innovation. Senate Republicans released revised text on July 22 ahead of a possible vote the following week, though leaders had not scheduled one as of July 23 and would need 60 votes to advance it. Solomon’s stance contrasts with JPMorgan Chase CEO Jamie Dimon, who in May opposed provisions allowing crypto firms to offer yield on stablecoins without bank-like safeguards.