Goldman Sachs Waiting for Regulatory Changes to Deepen Its Involvement in Bitcoin and Ethereum

Goldman Sachs CEO David Solomon has confirmed that the bank is open to investing in cryptocurrencies, but is waiting for changes in US regulations. Solomon explained that current regulations limit the bank’s ability to directly buy or sell cryptocurrencies like Bitcoin and Ethereum. The CEO’s comments are in line with President-elect Donald Trump’s pro-crypto stance, with hopes for regulatory changes under his administration.

💡 Quick note: By selecting crypto advocate Paul Atkins as the new SEC chairman, the president appears to be making good on his promises. The agency is expected to take a more friendly approach to crypto investors. Meanwhile, Axios sources revealed that Donald Trump “would be very happy” if Bitcoin continued to rise above $150,000 after he takes office.