Goldman Sachs CEO: CLARITY Act ‘Has a Long Way to Go‘

Goldman Sachs CEO David Solomon commented on the pending Digital Asset Market Clarity (CLARITY) Act, noting that recent developments suggest the bill "has a long way to go" before progressing. Solomon emphasized that Goldman Sachs remains highly focused on the legislation due to its potential impact on tokenization and stablecoins. The bill's markup session was postponed after Coinbase withdrew its support for the legislation as written. Industry stakeholders, including banks and crypto firms, are actively lobbying for amendments concerning issues like how the SEC will treat tokenized equities and stablecoin rewards. While the Senate Banking Committee has no immediate plans for rescheduling, the Senate Agriculture Committee is set to hold a markup on its version of the market structure bill later in January.

(Source：Cointelegraph)