NewsBTC
11 December 2024
Обновлено 12 December
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Goldman Sachs CEO Signals Potential for Crypto Trading if Regulations Allow

Goldman Sachs CEO David Solomon indicated potential developments for the cryptocurrency market, stating the bank would consider trading cryptocurrencies if US regulations allow. Currently, as a regulated institution, Goldman Sachs cannot own cryptocurrencies like Bitcoin directly.

Solomon mentioned at a Reuters Next conference on December 10 that the bank advises clients on various technologies but faces regulatory limitations in acting within these markets.

Goldman Sachs recently reported holding over $700M in eight Bitcoin ETFs as of September 20, 2024, according to its SEC 13F filing. This shift reflects changing corporate attitudes toward cryptocurrencies, with US President-elect Donald Trump also promoting crypto initiatives during his campaign.

Goldman Sachs says it is open to trading crypto should legislation allow it

Ripple's Stablecoin Approval and Market Impact

Ripple CEO Brad Garlinghouse announced that the New York Department of Financial Services approved the $RLUSD stablecoin, which will be pegged to the US dollar at a 1:1 ratio. Backed by US dollar reserves and short-term Treasury securities, $RLUSD will launch on the XRP ledger in Ethereum.

These developments are favorable for the cryptocurrency economy. Best Wallet, supported by its $BEST token, has raised $3.34M in presale and aims to capture 40% of the crypto wallet market share by 2026.

Powered by its $BEST token, Best Wallet aims to capture 40% of the crypto market

Best Wallet is a mobile-first, non-custodial app supporting thousands of cryptocurrencies across 50 blockchains. Its non-custodial nature allows users full control over their wallets, offering lower transaction fees, early access to presales, and airdrops. It utilizes Fireblocks’ MPC-CMP wallet technology for enhanced security and multi-blockchain support.

Investors have a limited time to acquire $BEST at its current price of $0.23075 before the next price increase. Always conduct thorough research before investing.