Goldman Sachs CEO David Solomon has endorsed the Clarity Act, a cryptocurrency market-structure bill currently moving through the Senate, positioning the bank against rivals such as JPMorgan CEO Jamie Dimon, who opposes the legislation. The dispute centers on stablecoin yield provisions, with commercial and community banks warning of potential deposit flight and impact on local lending. Goldman Sachs has disclosed a $1.1 billion position in a spot bitcoin ETF. A Senate vote is expected in the coming week, with the bill having passed the House in July 2025 and advanced through the Senate Banking Committee in a 15-9 vote in May.
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