The CEO of one of the largest American banks, Goldman Sachs, said that next year, in anticipation of positive changes in legislation, the bank will continue to explore the possibilities of cryptocurrencies, especially Bitcoin and Ether.

David Solomon expects that with the coming to power of US President-elect Donald Trump, there will be positive amendments to American laws regarding cryptocurrencies. This will create favorable conditions for the development of the crypto industry and attract more large financial institutions to the market. Solomon said that Goldman Sachs launched a cryptocurrency department back in 2021, but its work is still limited by strict regulatory requirements of regulators.

The finance and cryptocurrency industry is waiting for clearer guidance from regulators: what rules need to be followed and what products do not violate the law. The CEO of Goldman Sachs emphasized that interest in cryptocurrencies continues to grow, as evidenced by Bitcoin recently reaching a new historical price record – above $100,000.

Interest in Bitcoin is accompanied by an increase in the number of applications to launch cryptocurrency exchange-traded funds (ETFs). After the US Securities and Exchange Commission (SEC) approved spot ETFs linked to Bitcoin and Ether last year, companies are looking to launch products targeting the cryptocurrencies SOL and XRP. According to Solomon, investor sentiment has turned speculative, and growing customer interest points to the need to combine traditional finance with digital assets.

Therefore, Goldman Sachs will continue to explore the possibilities of the cryptocurrency market and experiment with blockchain technology, Solomon confirmed. The bank is participating in testing the Canton Network blockchain, focusing on applications for large legal entities. Solomon added that if legislation does change for the better, Goldman Sachs could enter the cryptocurrency market.

In November, Goldman Sachs announced plans to create a subsidiary crypto company that would specialize in tokenizing digital assets and serving large clients. Earlier, Solomon said that in the future Bitcoin could be part of the bank’s reserves.