Goldman Sachs CEO says CLARITY Act ‘has a long way to go‘

Goldman Sachs CEO David Solomon commented on the stalled CLARITY Act, which aims to regulate the digital asset market. He noted that the bill has significant hurdles to overcome, especially after Coinbase withdrew support. Solomon emphasized the importance of innovations in tokenization and stablecoins, while also mentioning Goldman Sachs' interest in prediction markets. The Banking Committee's markup of the bill has been postponed, and further action may take weeks or months, with concerns from banks about interest-bearing stablecoins.