A sentiment from the head of a Wall Street giant signals good news for the cryptocurrency economy. The CEO of Goldman Sachs, David Solomon, has said that the major investment bank would evaluate the trading of cryptocurrencies if US regulations allow the bank to do so.
“At this time, as a regulated banking institution, we are not allowed to have a currency like Bitcoin as a principal,” he said at his Reuters The next conferenceheld on Tuesday, December 10.
“We advise our clients on a variety of technologies and issues, and we will continue to do so. But at the moment our ability to operate in these markets is very limited from a regulatory perspective. “
Interestingly, Goldman Sachs recently disclosed in its 13F filing with the US Securities and Exchange Commission (SEC) that the company holds more than $700M in eight Bitcoin ETFs, as of September 20, 2024.
So, it would seem that corporate attitudes towards crypto are finally changing. Even US President Donald Trump has positioned himself as a cryptocurrency champion. The launch of a strategic national crypto stockpile was among the promises made by Trump before the 2024 election. Another was the removal of Gary Gensler – the nemesis of crypto companies due to his aggressive approach to regarding crypto regulation – from his role as SEC Chairman.
Green Light for Ripple Stablecoin Means Meme Coin Pump
The big news for the cryptocurrency economy continues, as Ripple CEO Brad Garlinghouse announced recently that its $RLUSD stable has been approved by the New York Department of Financial Services to go live. Pegged to the US dollar at a 1:1 ratio, $RLUSD will be backed by a combination of US dollar reserves, short-term US Treasury securities, and other liquid assets, reflecting Tether's approach in terms of support. $RLUSD is set to launch on the XRP ledger in Ethereum.
All in all, the latest developments are good news for the economy, cryptocurrency holders, and the likes of Best Wallet. With power Wallet's BEST $ token – currently in pre-sale with an impressive $3.34M already raised – Best Wallet plans to capture 40% of the crypto wallet market share by end-2026.
The Best Wallet is mobile-first, absolutely careless app supports thousands of cryptocurrencies, including the the best meme coinsover 50 major blockchains. But it's that carefree aspect that sets Best Wallet apart.
Most crypto wallets are controlled by companies or centralized exchanges, but Best Wallet gives users full control over their wallet. And that's in addition to lower transaction fees, early access to presales, and airdrops. It is also the first crypto wallet to use MPC-CMP Fireblocks wallet technology, which adds high security, zero counterparty risk, and multi-blockchain support.
All things considered, we believe the BEST $ is worth looking into. Investors have a little less than two days to get $BEST at its current price of $0.23075 before the next price increase. Remember, however, that this article is not financial advice, and is always important to DYOR.
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