Goldman Backs Clarity Act Amid Banking Industry Concerns Over Deposit Risks

Goldman Sachs CEO David Solomon has publicly endorsed the Clarity Act, a US bill that aims to set comprehensive federal rules for crypto markets. The bill would divide oversight between the SEC and CFTC, addressing years of regulatory uncertainty.

Solomon said that clear and consistent rules are needed to support market integrity, investor protection, and long-term confidence in digital assets.

The Clarity Act has split Wall Street, with Goldman Sachs supporting it while other major banks like JPMorgan have expressed concerns over deposit risks. Analysts say the divide reflects different business models, with Goldman relying more heavily on trading and asset management.