CLARITY Act gains Senate momentum as Grayscale and Goldman back, Warren warns of fallout

The proposed “Clarity Act” is intended to redefine U.S. crypto regulation for “digital commodities,” with reporting noting it could affect major blockchain platforms including Ethereum and Solana. Separate coverage says the bill has strong momentum toward a Senate vote, with market participants describing it as potentially the biggest regulatory measure for crypto ^{[1] [2]}.

Backers and critics of the bill are diverging. Grayscale has publicly endorsed the CLARITY Act as it nears a Senate vote, and the firm highlighted Ethereum and Solana among beneficiaries. Meanwhile, Goldman Sachs CEO David Solomon has backed the measure, despite reservations from some banking industry groups about how the bill’s stablecoin-yield provisions could affect traditional lenders ^{[2] [3] [4]}.

Senator Elizabeth Warren has also criticized the Clarity Act draft, according to reporting published the same day as the bill’s reported Senate momentum ^[5].