Goldman backs Clarity Act as 2026 passage odds plunge

- Goldman Sachs CEO David Solomon backs Digital Asset Market Clarity Act as passage odds fall below 40% - Major banks’ opposition and congressional gridlock ahead of summer recess weigh on bill; Polymarket sets passage probability at 38% With just weeks before the summer recess, Goldman Sachs CEO David Solomon endorsed the Digital Asset Market Clarity Act on July 21, 2026, even as prediction markets recorded the bill’s odds of passing this year at below 40%. On July 24, 2026, CoinDesk reported that Solomon, as CEO of Goldman Sachs, said during a media interview that he supported “a clear market structure” for crypto assets. According to the CoinDesk report on the same day, he emphasized the need for “regulatory certainty” and legal safeguards for stablecoin developers and yield providers. However, despite Goldman Sachs’s backing, the bill faces mounting pressure from major banks and uncertain prospects in Congress, as lawmakers have yet to resolve disputes over stablecoin yield rules and a proposed ethics clause for public officials’ crypto holdings. Meanwhile, on July 24, 2026, Politico reported that Senate Majority Leader John Thune confirmed Congress will not vote on the Digital Asset Market Clarity Act before the summer recess, citing ongoing political divisions and competing legislative priorities. As a result, with lawmakers set to adjourn, negotiations are unlikely to resume until after recess, leaving the fate of comprehensive crypto regulation in limbo. In addition, as of July 23, 2026, prediction market platform Polymarket placed the bill’s chances of passing this year at just 38%. As of July 24, 2026, at 15:09 UTC, market data providers showed that USDC (USDC) traded at $1, reflecting a 0.005% price change.