Goldman Sachs CEO David Solomon stated at Tuesday's Reuters Next conference that if the regulatory environment in the U.S. changes, Goldman Sachs will 'evaluate' getting involved in Bitcoin and Ethereum trading.
When asked about when Goldman Sachs plans to launch 'Bitcoin spot trading,' Solomon stated that due to current regulatory requirements, Goldman Sachs is restricted in its participation in the cryptocurrency market. He said:
'I do believe that these technologies are solving some problems and are currently receiving a lot of attention because there is a view that the regulatory framework may change with future developments, unlike the direction under the previous administration.'
He added that it is currently unclear how specific rules will evolve.
Subsequently, Reuters U.S. financial editor Lananh Nguyen asked Solomon if it was possible to trade in Bitcoin or Ethereum markets. He replied, 'If the regulatory framework changes, we will evaluate it, but for now we are not allowed to do so.'
After Donald Trump was elected president in the U.S., the regulatory winds for the cryptocurrency industry may shift. Before the November elections, Trump stated that he would establish a Bitcoin strategic reserve and end 'Operation Choke Point 2.0.'
Solomon reiterated on Tuesday his assertion that Bitcoin is a 'speculative asset.' He stated, 'These assets, such as Bitcoin, are currently speculative assets, but people are very interested in them, and I can understand why.'
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