Goldman Sachs Wants Congress To Pass The Crypto Clarity Act. Other Banking Giants Are Still Pushing Back.

David Solomon said he supports moving the Clarity Act forward, arguing that the legislation would provide much-needed market structure for digital assets and help create a more consistent environment for innovation. (Credit: AFP via Getty Images/Patrick T. Fallon)

Goldman Sachs CEO David Solomon is backing congressional efforts to establish a federal framework for digital assets, lending fresh support from Wall Street to legislation that has sharply divided the banking industry.

Solomon said he supports moving the Clarity Act forward, arguing that the legislation would provide much-needed market structure for digital assets and help create a more consistent environment for innovation.