CLARITY Act splits Wall Street and crypto as Goldman Sachs breaks with banks and Charles Hoskinson backs Warren

The revised CLARITY Act is exposing unusual divisions across Wall Street, Washington and the crypto industry as lawmakers struggle to build support for a Senate vote.

Senate Republicans this week released a new draft that would bar the president and other federal officials from issuing or sponsoring digital assets.

The changes have drawn sharply different reactions from influential figures across finance and crypto.

Goldman Sachs Chief Executive David Solomon reportedly urged Congress to advance the sweeping market-structure bill despite disagreements within the banking industry over provisions that could intensify competition for deposits.

Cardano founder Charles Hoskinson, meanwhile, has sided with Sen. Elizabeth Warren on one of the bill’s most contentious political issues, arguing that President Donald Trump should stay out of crypto markets while in office.

The contrasting positions underline the complicated coalition surrounding CLARITY as senators seek compromises on stablecoin rewards, government ethics and financial regulation, with the bill’s path to passage narrowing.

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