GOLDMAN SACHS CEO CALLS ON SENATE TO PASS CLARITY ACT FOR THE CRYPTO BULL RUN TO START!
July 24, 2026
AI Summary
5 min readGoldman Sachs CEO David Solomon has publicly thrown his weight behind the Clarity Act, the crypto market structure bill that could define the next phase of U.S. digital asset regulation. Solomon's endorsement is significant not just for what it says about the bill, but because it puts him directly at odds with JPMorgan's Jamie Dimon and the American Bankers Association, who have been lobbying hard against key provisions. As the Senate prepares for a vote, the battle lines are drawn between the traditional banking lobby and a growing coalition that sees regulatory clarity as essential for innovation. Meanwhile, the SEC is moving toward 24/7 stock trading, Ripple is expanding its stablecoin infrastructure, and Uniswap is building the rails for institutions to trade tokenized assets on decentralized exchanges.
Goldman Sachs CEO Breaks Ranks on the Clarity Act
David Solomon, CEO of Goldman Sachs, told Politico that the Clarity Act, while imperfect, is critical for establishing a workable regulatory framework. "I think one of the most important things that it does is that it creates a level playing field to enhance market stability and allow these markets to develop appropriately," Solomon said. He explicitly called for moving the bill forward so that market structure can be put in place and innovation can proceed.
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What you'll learn
- 1 (01:23) **Goldman Sachs CEO Backs Clarity Act** - David Solomon breaks with other major bank leaders to support the crypto market structure bill, arguing it creates a stable regulatory framework and a level playing field.
- 2 (04:07) **Opposition to Clarity Act: Hispanic Chamber & Elizabeth Warren** - The U.S. Hispanic Chamber of Commerce sends a letter echoing bank concerns about deposit flight; Elizabeth Warren releases a video claiming the bill helps Trump’s corruption.
- 3 (06:01) **Clarity Act Vote Update & Negotiations** - Anthony Scaramucci’s vote breakdown shows 51 Republican yes votes, 2 Democrat yes votes, and a need for 60 total; no vote occurred this week.
- 4 (08:06) **Tassat Helps Smaller Banks Enter Stablecoin Market** - Fintech firm behind Signature Bank’s Signet network launches Project Nenya, a stablecoin reserve management platform for regional and mid-sized banks.
- 5 (10:57) **Ripple Updates: Ripple Mint & NotaBean Investment** - Ripple launches Ripple Mint for institutional management of RLUSD stablecoin, and makes a strategic investment in NotaBean for compliance and stablecoin payments.
- 6 (14:25) **SEC Sets September Talks on 24-Hour Stock Trading** - SEC Chair Paul Atkins announces a roundtable for September 17th to discuss moving U.S. equity markets to overnight trading.
- 7 (16:28) **SEC Settles with Coinbase Over Missing Gensler Texts** - The SEC agrees to pay $150,000 to settle a FOIA lawsuit over former Chair Gary Gensler’s deleted communications about Ethereum’s proof-of-stake transition.
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Goldman Sachs CEO Clarity ACT
07:07 Tassat Small Banks Stablecoins
08:54 Ripple RLUSD XRP news
12:25 SEC Tokenization 24 hr markets
14:28 SEC Coinbase Gary Gensler
16:53 Uniswap Tokenized Assets DeFi
18:25 Kazakhstan Bitcoin Mining reserve =================================================
#ClarityAct #Crypto #Banks #CryptoNews #Cryptocurrency #Bitcoin #BT
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