Goldman Sachs CEO David Solomon said he supports the Digital Asset Market Clarity Act, according to Techub News, a sign that some large Wall Street institutions may be willing to accept a compromise approach to U.S. crypto regulation. The report said the banking industry broadly remains concerned that the bill’s stablecoin provisions could divert deposits away from banks, but support from Solomon shows that not every major financial firm is opposing the proposal.
The legislation is designed to establish a regulatory framework for crypto assets and intermediaries in the United States. Techub, citing CryptoBriefing, said market expectations that the bill could be signed into law in 2026 have risen. The report also said observers are closely watching comments from President Trump and Senate Banking Committee Chairman Tim Scott, both seen as key political figures in the bill’s path forward.
Goldman Sachs CEO David Solomon supports the Digital Asset Market Clarity Act, according to Techub News, which cited CryptoBriefing.
The report said the banking industry broadly worries that the bill’s stablecoin rules could pull deposits away from banks. Even so, some Wall Street firms are willing to accept the compromise.
The bill is intended to create a regulatory framework for crypto assets and intermediaries in the United States. Solomon’s backing may point to a shift in the legislative outlook, and market expectations that the measure could be signed into law in 2026 have already increased.
Observers are now watching for comments from President Trump and Senate Banking Committee Chairman Tim Scott, who are seen as key political figures in the process.
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