Goldman Sachs Backs Federal Crypto Rules Despite Banking Industry Concerns

Goldman Sachs CEO David Solomon has publicly endorsed the Clarity Act, a U.S. bill that would set comprehensive federal rules for crypto markets.

The bill divides oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), addressing years of regulatory uncertainty in the digital asset industry.

Goldman Sachs views the Clarity Act as a foundation to expand digital asset products, including tokenized securities and other real-world assets, with lower legal and compliance risks.

The banking industry is divided over the bill, with Goldman Sachs supporting it while JPMorgan and banking trade groups warn of deposit risks.