The sentiment from the head of a Wall Street giant is a sign of good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon said the big investment bank will explore trading cryptocurrencies if US regulations allow the bank to do so.
“Currently, as a regulated banking institution, we are not allowed to have a cryptocurrency like Bitcoin as principal,” he said at the Reuters Next conference, which was held on Tuesday, 10 December.
“We provide our clients with advice on various technologies and issues, and we will continue to do so. But currently our ability to operate in these markets is very limited from a regulatory perspective. “
Interestingly, Goldman Sachs disclosed in its latest US Securities and Exchange Commission (SEC) 13F filing that the company holds more than $700M in eight Bitcoin ETFs, as of September 20, 2024.
So, it would seem that finally, corporate attitudes towards crypto are finally changing. Even US President-elect Donald Trump has positioned himself as a champion of cryptocurrency. The introduction of a national crypto collection of tactics was among the promises made by Trump before the 2024 election. Removing Gary Gensler – an enemy of crypto companies because of his aggressive approach to crypto regulation – from his position as SEC Chairman was another.
Ripple’s Stablecoin Green Light Means Meme Coins Pump
Big news in the cryptocurrency economy continues, as Ripple CEO Brad Garlinghouse recently announced that its $RLUSD stablecoin has been approved by the New York Department of Finance 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, mirroring Tether’s funding mechanism. $RLUSD is set to launch on the XRP ledger on Ethereum.
Overall, the latest development is good news for the economy, cryptocurrency owners, and the likes of Best Wallet. Powered by Wallet’s best token $BEST – currently in auction with an amazing $3.34M already raised – Best Wallet plans to take 40% of the crypto wallet market share by the end of 2026.
The best wallet is mobile-first, fully mobile non-maintaining application supports thousands of cryptocurrencies, including the best meme coins, across all 50 major blockchains. But it’s that last non-stop feature that sets Best Wallet apart.
Most crypto wallets are controlled by centralized companies or exchanges, while Best Wallet gives users full control over their wallet. And that’s on top of reduced transaction fees, early access to pre-orders, and flight drops. It is also the first crypto wallet to use Fireblocks’ MPC-CMP wallet technology, which adds high security, zero risk, and multi-blockchain support.
All things considered, we believe $BEST is worth a look. Investors have just under two days to secure $BEST at its current price of $0.23075 before the next price increase. Remember, however, this article is not financial advice, and remains relevant to DYOR.
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