“I’m very supportive of moving the CLARITY Act forward so we can get some market structure in place and start moving the innovation process forward,” Solomon said.
SoFi CEO Anthony Noto welcomed Goldman Sachs’ support, noting on X that the two firms have taken a different stance than some banks on crypto regulation.
“Sound regulation of digital assets is critical to America’s global competitiveness,” Noto wrote. “It protects consumers and lets us build safely under homegrown regulation. Congress should pass it immediately.”
The growing chorus of support comes as the bill enters a critical stretch on Capitol Hill.
Senate negotiators recently unveiled updated legislative text that merges the House and Senate proposals and for the first time outlined how ethics restrictions on high-ranking officials involved in crypto could work. That issue has become one of the biggest sticking points in the negotiations, with lawmakers still debating whether the proposal goes far enough to address concerns about President Donald Trump’s crypto business interests.
Even with revised language in hand, the Senate is not expected to take up the bill immediately. Majority Leader John Thune has shifted the chamber’s focus to judicial nominations and a Russia sanctions package, leaving the Clarity Act on hold.
