Goldman Sachs CEO David Solomon has expressed support for the CLARITY Act, a bill aimed at regulating the crypto market structure, despite some hesitations from financial companies and banks.
The bill, which is currently in Congress, has provisions related to stablecoins that have raised concerns among some financial institutions. However, Solomon has stated that he will back the legislation, acknowledging that it may not be perfect.
This development is based on reporting from CoinTelegraph. The support from Goldman Sachs' CEO comes as a vote on the CLARITY Act is expected to take place soon, marking a significant step in the regulation of the cryptocurrency market.