Goldman Sachs CEO David Solomon says that big evolution is coming to Bitcoin regulation, expecting the digital currency world will experience a huge evolution as we read more in our BTC news today.
“We continue to think about digital currency and the digitization of money in a very proactive way.”
The Goldman Sachs CEO expects the digital currency world to see a big evolution with current regulations preventing the banks from acting as a principle around crypto. David Solomon said that he thinks the BTC and digital currency world will experience a huge revolution regarding the regulations in the United States. He made the comments during an interview with CNBC but he didn’t reveal much about what Goldman Sachs was doing when It comes to BTC which only suggests that the regulatory landscape in the US prevents banks from doing so. Solomon did make it clear that Goldman is keeping a close eye on crypto because of the growing client demand:
He added that there are plenty of regulatory requirements concerning a move to handling crypto as Goldman Sachs plans to begin offering BTC investment products to its wealthy clients by recently announcing the reopening of the crypto trading desk. When asked if he will act as the principal with crypto services and can we see the rules changing, he said:
“I think that this is a space that is evolving, this is a space that we’re trying to be responsive to our clients. I think there will be a big evolution with how this evolves in the coming years.”
Regulations regarding BTC and other cryptocurrencies are still complicated as different government agencies are pursuing contradictory and competing positions on these assets. the SEC for example is trying to regulate the trading of securities and claims authority over most tokens that are based on ETH and sold in the US to raise funds for startups. The CFTC on the other hand oversees the market for BTC derivatives like futures and options contracts on exchanges like CME and Bakkt.
Goldman Sachs will expose its clients to BTC in one way or another as the company filed an SEC application for a new investment product that tracks the ARK Innovation ETF. The bank is also the latest institution to show interest in digital assets.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.