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The sentiment from the head of a Wall Street giant indicates good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon said the major investment banking firm would evaluate cryptocurrency trading if US regulations allowed the bank to do so.
“At the moment, as a regulated banking institution, we are not allowed to own a cryptocurrency like Bitcoin as a basic principle,” he said at a press conference. Reuters upcoming conferenceWhich was held on Tuesday, December 10.
“We advise our clients on a variety of these technologies and these issues, and will continue to do so. But currently our ability to operate in these markets is very limited from a regulatory perspective.
Interestingly, Goldman Sachs revealed in a recent 13F filing with the US Securities and Exchange Commission (SEC) that the company owns more than $700 million in eight Bitcoin ETFs, as of September 20, 2024.
So, it seems that corporate attitudes towards cryptocurrencies are finally starting to change after a long wait. Even US President-elect Donald Trump has positioned himself as a champion of cryptocurrencies. Launching a strategic national stockpile of cryptocurrencies was among the promises Trump made in the run-up to the 2024 election. Removing Gary Gensler — an enemy of cryptocurrency companies due to his aggressive approach to regulating cryptocurrencies — from his position as chairman of the Securities and Exchange Commission was another.
Green Light for Ripple Stablecoin Means Meme Coin Pump
The big news for the cryptocurrency economy continues, said Brad Garlinghouse, CEO of Ripple Recently announced Its stablecoin $RLUSD has been approved by the New York Department of Financial Services for startup. $RLUSD, which is pegged to the US dollar at a 1:1 ratio, will be backed by a combination of US dollar reserves, short-term US Treasury securities, and other liquid assets, mirroring Tether’s approach to support. $RLUSD is set to launch on Ethereum’s XRP ledger.
Overall, the latest developments are great news for the economy and for cryptocurrency holders and the likes of Best Wallet. Powered by Best wallet token $BEST – Currently on pre-sale with an impressive $3.34 million already raised – Best Wallet plans to capture 40% of the cryptocurrency wallet market share by the end of 2026.
The best wallet is mobile first and completely Non-custodial application Supports thousands of cryptocurrencies, including top cryptocurrencies, across 50 major blockchains. But it’s this non-custodial aspect that sets Best Wallet apart.
Most cryptocurrency wallets are controlled by central companies or exchanges, while Best Wallet gives users complete control over their wallet. This is in addition to discounted transaction fees and early access to pre-sales and airdrops. It is also the first cryptocurrency wallet to use Fireblocks’ MPC-CMP wallet technology, which adds high security, zero counterparty risk, and multi-block support.
All things considered, we think $BEST is worth considering. Investors have less than two days to secure the best price at its current price of $0.23075 before the next price increase. However, keep in mind that this article does not constitute financial advice, which is always important to DYOR.