🚨 Crypto News: Goldman Sachs CEO David Solomon hinted at a potential leap into becoming a spot market maker for $BTC and $ETH—if U.S. regulations step up their game. Speaking at the Reuters Next event in NYC, Solomon said the bank can't currently hold crypto but described it as "interesting technology" catching investor attention. While unclear on what the regulatory future holds, Solomon made it clear: crypto’s growing relevance demands attention.
On the reputational front, Solomon shot down fears of scandals, pointing out that criminal activities occur in fiat too, yet fiat doesn’t take the blame. Goldman Sachs focuses on vetting its business relationships—not judging $BTC.
Regulations might be a roadblock, but Goldman isn’t sitting idle. They're diving headfirst into blockchain innovation. The bank is spinning off a blockchain platform in partnership with key players and working on tokenization projects for institutional clients. This could reshape how real-world assets are digitized on-chain. Let's not forget their $718M exposure to Bitcoin through ETFs—making it clear Goldman knows where the future is headed.
Is this a sign of institutions gearing up for the next crypto boom? Only time (and U.S. regulators) will tell. #Bitcoin #Ethereum #CryptoInnovation
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