In an interview with CNBC that day, he was asked, “Would you like to lobby for regulation in Washington?” “The market is evolving now. I don’t know how it will evolve in a few years, but it will evolve greatly.”
He said, “I think very important about the digital currency and the digitization of money,” and that “regulatory conditions are important” regarding the handling of cryptocurrencies. Goldman Sachs is seeking ways to support cryptocurrency due to a surge in demand despite regulatory barriers. The bank recently planned a bitcoin investment product for clients of asset management companies, and reopened the cryptocurrency trading desk.
Solomon is looking closely at the regulatory situation to see how to proceed with his business partners.He added.
Decrypt said, “We didn’t say what Goldman Sachs was doing with Bitcoin, but it suggested that US regulations are blocking the banking sector.” CEO Solomon made it clear that Goldman Sachs is paying close attention to cryptocurrency due to increasing demand.”
I expected Goldman Sachs to somehow launch a bitcoin investment product. Last month, Goldman applied to the Securities and Exchange Commission (SEC) for a new investment product that tracks the Arc Innovation ETF invested in the Grayscale Bitcoin Trust.
Goldman Sachs Global Digital Assets Director Mary Rich recently said, “Investors are looking at Bitcoin as a means to hedge inflation or the new Internet.” CNBC reported on the 31st of last month that Goldman Sachs planned to offer bitcoin services to wealthy customers like Morgan Stanley.