Goldman Sachs CEO David Solomon foresees â€œbig evolutionâ€ coming to cryptocurrency regulation as demand for bitcoin from clients continues to rise. He says that Goldman will â€œcontinue to find ways to serve our clients as we move forward.â€
Crypto Regulation Will Experience â€˜Big Evolution,â€™ Says Goldman Sachsâ€™ Chief
David Solomon, the CEO of global investment bank Goldman Sachs, shared his view on cryptocurrency regulation in an interview with CNBC this week.
Regarding the regulation for bitcoin and other cryptocurrencies, the Goldman Sachs executive said he thinks that cryptocurrency â€œis a space thatâ€™s evolving,â€ predicting:
Emphasizing that his company operates within the rules set by regulators, the Goldman Sachs CEO noted: â€œIâ€™m not going to speculate on where the rules will go for regulated financial institutions, but weâ€™re going to continue to find ways to serve our clients as we move forward.â€
Solomon detailed that Goldman Sachs is focused on how to support demand from clients for bitcoin and other cryptocurrencies. â€œWe continue to think about digital currencies and the digitization of money in a very proactive way,â€ he opined, mentioning specifically that his firm â€œcan help clients facilitate custody positions in digital assets.â€
The Goldman Sachs chief reiterated: â€œAs our clients have demand to be involved in this space we can continue to find ways to support our clients â€¦ Thatâ€™s the lens that weâ€™re really looking through.â€ Solomon clarified:
Goldman Sachs recently brought back its bitcoin trading desk and will be offering a â€œfull spectrumâ€ of bitcoin investments. The firm is seeing huge institutional demand for bitcoin.
Do you agree with Goldman Sachsâ€™ CEO about regulatory evolution coming to the crypto space? Let us know in the comments section below.