Goldman Sachs CEO David Solomon said the global investment firm could “consider” taking steps regarding Bitcoin and Ethereum if regulations in the United States change.
When asked about the firm’s plans for “spot Bitcoin trading,” Solomon noted that current regulations limit Goldman Sachs’ ability to move in the crypto space.
“We will evaluate if regulations change”
“These technologies address important issues and are getting a lot of attention right now because there is an expectation that the regulatory landscape will evolve differently in the future than it did under the previous administration,” Solomon said. But exactly how regulations will change is still unclear.
Reuters US Finance Editor Lananh Nguyen asked Solomon if they could “be market makers on Bitcoin or Ethereum.” Solomon said, “If the regulatory structure changes, we would consider it, but right now that’s not allowed.”
US President-elect Donald Trump made important promises for the crypto industry. Ahead of the November elections, Trump stated that he would create a strategic Bitcoin reserve and end “Operation Choke Point 2.0.”
Goldman Sachs and its approach to cryptocurrencies
Solomon reiterated that assets like Bitcoin are currently viewed as “speculative.” “Assets like Bitcoin are currently speculative,” Solomon said, adding that he understands why people are interested in these assets.
Stay tuned for new information.