Goldman Sachs CEO Sees ‘Big Evolution’ in Bitcoin and Crypto Regulations

Goldman Sachs CEO Sees ‘Big Evolution’ in Bitcoin and Crypto Regulations

Goldman Sachs CEO David Solomon foresees a "big evolution" in how the U.S. government regulates Bitcoin and other cryptocurrencies.He said the New York investment bank's clients want to participate in the Bitcoin market, but current regulations are unclear.David Solomon, CEO, Goldman Sachs

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"We continue to think about digital currency and the digitization of money in a very proactive way," Solomon told CNBC. "And in that context, we are engaged with our clients and we look at all this though through the centricity of 'what do our clients need?'"Major U.S. financial institutions now offer clients exchange-traded funds that track the price of Bitcoin."I'm not going to speculate on where the rules will go for regulated financial institutions, but we're going to continue to find ways to serve our clients as we move forward."A measure introduced by Congressman Patrick T. McHenry, a North Carolina Republican, would direct the Commodity Futures Trading Commission and the Securities and Exchange Commission to jointly establish a digital asset working group. The proposal has been referred to the Committee on Financial Services.Current U.S. law hasn't clearly defined Bitcoin.The Internal Revenue Service headquarters in the Federal Triangle section of Washington, DC. on