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Goldman Sachs CEO Breaks With Wall Street to Back Crypto Clarity Act

Summary by Decrypt

Solomon's endorsement splits with JP Morgan's Jamie Dimon and banking trade groups, who warn the bill's stablecoin-yield provisions could pull deposits away from traditional lenders.

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3 Articles

Bitcoin.com

Goldman Sachs CEO Backs CLARITY Act as Senate Divides Over Crypto Bill

Goldman Sachs CEO David Solomon urged lawmakers to advance the CLARITY Act as senators circulated a revised crypto market structure bill, intensifying disputes over stablecoin rewards, regulatory authority and ethics restrictions ahead of a possible floor vote. Solomon Backs Federal Crypto Framework Goldman Sachs Chairman and CEO David Solomon has endorsed the CLARITY Act, adding […]

1 hour ago

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Decrypt

Goldman Sachs CEO Breaks With Wall Street to Back Crypto Clarity Act

Solomon's endorsement splits with JP Morgan's Jamie Dimon and banking trade groups, who warn the bill's stablecoin-yield provisions could pull deposits away from traditional lenders.

6 hours ago·New York, United States

Read Full Article