Goldman Sachs CEO: If the US adjusts regulation, we will evaluate whether to offer BTC trading

Investment banking giant Goldman Sachs CEO David Solomon said that if the regulatory landscape in the United States changes, Goldman Sachs will "evaluate" entering the BTC and Ethercoin space.

On Tuesday, Su Dwei was asked at the 'Reuters Next' conference hosted by Reuters when investors would be able to trade BTCSpot on Goldman Sachs. Su Dwei responded that Goldman Sachs' current ability to participate in the cryptocurrency market is limited due to 'existing regulations.' He said:

I do believe that these technologies are evolving, and they are now receiving a large amount of follow because there is a perception that the regulatory framework will clearly develop in a different way from the previous government.

He also said that it is still unclear how the regulations will evolve. When asked by the media if Su Dewei would "make the market" in the Bitcoin market, he answered:

If the regulatory structure changes, we will evaluate it, but for now we are not allowed to do so.

Donald Trump, who was elected as the President of the United States, promised to make the US the "global capital of cryptocurrency", which may change the regulatory direction of the cryptocurrency field in the future. Before the election, Trump stated that he would create a "BTC strategic reserve" and immediately end the regulatory action known as "Operation Choke Point 2.0", ensuring that the banking system can provide a fair service environment for crypto assets.

Some people in the cryptocurrency industry see 'Operation Choke Point 2.0' as a new version of 'Operation Choke Point,' which refers to the action taken by the U.S. Department of Justice in 2013 to restrict the banking services of financial institutions to high-risk industries such as fraud and money laundering, including payday lenders, etc.

The price of BTC has repeatedly hit new highs, breaking through $100,000 last week to set a new historical record. At the same time, companies are submitting a series of Cryptocurrency ETF listing applications to the U.S. Securities and Exchange Commission (SEC), vying to launch Spot ETFs for Solana (SOL) and Ripple (XRP).

However, Su Dewei reiterated his belief that BTC is a 'speculative asset.' He said:

Take BTC as an example, these assets, you know, are currently speculative assets. But people are very interested in them. I can understand the reason.

Goldman Sachs once launched a cryptocurrency trading platform in 2021, which later became one of the companies that completed a series of tests on the Canton Network. The Canton Network is built by Digital Asset Holdings and is a network that can make institutional assets compatible.

Earlier reports indicated that Goldman Sachs has stated that its hedge fund clients have reignited interest in Crypto Assets-related products.

Goldman Sachs CEO: Will evaluate 'whether to offer BTC trading' if the U.S. adjusts regulation. This article was first published in 'Blockke'.