Goldman Sachs CEO Breaks With Wall Street to Back Crypto Clarity Act

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23 Jul, 20:44

Source: Decrypt

AI Summary

Goldman Sachs CEO endorses the Crypto Clarity Act, breaking with JP Morgan and banking groups who warn stablecoin-yield provisions could drain deposits from traditional lenders.

Solomon's endorsement splits with JP Morgan's Jamie Dimon and banking trade groups, who warn the bill's stablecoin-yield provisions could pull deposits away from traditional lenders.