“I’m very supportive of moving the CLARITY Act forward, so we can get some market structure in place and start to move the innovation process along,” Solomon said.
SoFi CEO Anthony Noto welcomed Goldman Sachs’ support, noting on X that the two firms have taken a different stance than some banks on crypto regulation.
“Durable rules for digital assets are critical for U.S. global competitiveness,” Noto wrote. “It protects consumers and lets us build safely under homegrown regulation. Congress should pass it immediately.”
The growing chorus of support comes as the bill enters a critical stretch on Capitol Hill.
Senate negotiators recently unveiled updated legislative text that merges House and Senate proposals and, for the first time, outlined how ethics restrictions for senior government officials involved with crypto could work. That issue has become one of the biggest sticking points in negotiations, with lawmakers still debating whether the proposal goes far enough to address concerns surrounding President Donald Trump’s crypto business interests.
Even with revised language in hand, the Senate isn’t expected to take up the bill immediately. Majority Leader John Thune has shifted the chamber’s focus to judicial nominations and a Russia sanctions package, leaving the Clarity Act waiting for floor time.