Goldman Sachs CEO says CLARITY Act ‘has a long way to go‘

💡 DMK Insight

Goldman Sachs is eyeing regulatory developments, and here’s why that matters for SOL: With SOL currently at $143.88, the uncertainty around US lawmakers addressing the market structure bill could create volatility. If the bill favors tokenization and stablecoins, it could lead to increased institutional interest in SOL and similar assets. Traders should keep an eye on how this regulatory landscape evolves, as it could impact liquidity and price movements significantly. Moreover, the broader crypto market is still reacting to macroeconomic factors, including interest rates and inflation. If the bill progresses positively, we might see a bullish sentiment not just for SOL but across the altcoin spectrum. Watch for key resistance levels around $150, as a break above could signal a strong upward trend. Conversely, if the bill stalls or faces opposition, SOL could see a pullback, so stay alert for any news updates or shifts in sentiment from institutional players like Goldman Sachs.