Summary List Placement
Goldman Sachs CEO David Solomon anticipates a “big evolution” in the way the US government regulates digital assets.
He said the bank was looking at ways to support client demand to be involved in crypto.
Current US regulatory laws are unclear about how financial institutions can treat digital assets.
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Goldman Sachs CEO David Solomon has said he expect a major transformation in how the US government regulates bitcoin and other digital assets.
“I think there’ll be a big evolution as to how this evolves in the coming years,” he said on CNBC’s “Squawk Box” on Tuesday.
“I’m not going to speculate on where the rules will go for regulated financial institutions, but we’re going to continue to find ways to serve our clients as we move forward.”
His remarks echo former SEC chairman Jay Clayton who recently told CNBC that the crypto regulatory environment is due for a “shake-up.”
Solomon said Goldman was proactively thinking about the digitization of money, and keeping client needs and demand in mind.
“There are significant regulatory restrictions around us and us acting as a principle around cryptocurrencies like bitcoin. But we can …read more
Source:: Businessinsider – Finance