Wall Street all-in: Goldman, Morgan Stanley, Schwab pile into crypto as Clarity Act nears passage!

Within a 24-hour window, Goldman Sachs announced a Bitcoin-related ETF, Morgan Stanley recorded its most successful ETF launch ever with a Bitcoin product, and Charles Schwab confirmed it has already rolled out direct spot crypto trading internally — with the $9 trillion platform's CEO calling it live for clients. The New York Stock Exchange has also signalled a full commitment to the asset class, marking a clear inflection point in institutional adoption.

The timing aligns closely with the anticipated passage of the Clarity Act, the most comprehensive piece of US crypto legislation to date. Fox Business reported that major banks pushed back on Coinbase over stablecoin yield provisions — specifically opposing rewards on idle balances — but ultimately conceded ground. The final language on stablecoin yields has been pushed to next week, with the ban on idle-balance rewards still intact…