Speaking at the World Liberty Forum in Mar-a-Lago on Wednesday, Goldman Sachs CEO David Solomon called for the United States to establish a clearly defined, rules-based framework governing how crypto markets operate. Goldman CEO Urges Clear Rules In an interview with CNBC, Solomon said it is essential that lawmakers take a long‑term view as they…
The recently released draft of the CLARITY Act, a significant piece of legislation aimed at regulating the crypto market, has ignited a wave of criticism from supporters within the community. Initially, the bill was meant to include protections for developers. However, expert commentary suggests that it opens the door to continued prosecution of developers and…
On Wednesday, a bipartisan meeting of the Senate Banking Committee, led by Senator Tim Scott, offered a cautiously optimistic outlook for discussions surrounding the anticipated crypto market structure bill. Despite the absence of any markup hearings scheduled for this week, industry representatives and senators engaged in what many considered a productive dialogue regarding the evolving…
American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call. As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender…
