Goldman Sachs CEO David Solomon said that Bitcoin and the whole digital world will experience a “big evolution” very soon.
What he meant are the regulations in the USA.
One of the biggest banks in the world is keeping a close eye on crypto due to the increased demand from customers. During the interview, the head of the bank said that Goldman Sachs is excited about digital assets. On the other hand, the current regulations in the USA are too preservative when it comes to crypto.
“We continue to think about digital currency and the digitization of money in a very proactive way,” he said.
Even the regulations Goldman Sachs is working on its crypto plans. The bank announced its plan to reopen its crypto trading desk. Secondly, Sachs is working on offering Bitcoin and other digital assets to its clients during this Q. Also, the bank applied for a new financial instrument that will track the price of ARK Innovation ETF – which invests in the Grayscale Bitcoin Trust.
The crypto regulations in the USA are still complicated. The SEC is controlling mostly Ethereum-based tokens and CFTC controls the market for Bitcoin derivatives like options and futures.