| Mobile Web

Search results for David Solomon

Crypto

U.S. Senator Lummis says Clarity Act could cut off North Korean Lazarus funding

U.S. Republican Senator Cynthia Lummis (신시아 루미스) said provisions in the Clarity Act, a cryptocurrency market structure bill, could help block crypto activity by North Korea’s Lazarus Group. She pointed to sanctions and transaction-freeze clauses, including sections expanding anti-money laundering duties to crypto firms and granting the Treasury new sanctions authority. The bill’s prospects are uncertain, with hurdles to reaching the Senate floor and securing 60 votes to end debate.

Crypto

Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting

A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren criticised the bill, saying it would make it easier for criminals, cartels and terrorists to move money and raise funds, and would not properly protect investors or the financial system. She also said it fails to prevent President Donald Trump from profiting from crypto. Republicans say revisions include an ethics clause banning federal officials and their families from issuing or sponsoring digital assets.

Crypto

Goldman Sachs CEO publicly backs U.S. Clarity Act, diverging from banking industry

Goldman Sachs CEO David Solomon has formally voiced support for the U.S. Clarity Act, saying it can help create fair competition and promote market stability and development. The bill aims to clarify oversight between the SEC and CFTC and reshape digital asset regulation. Major banking and finance groups, including the American Bankers Association, warned stablecoin provisions could shift insured deposits to digital asset platforms and reduce community banks’ lending capacity. Opposition has also spread beyond banks.