Comments from the heads of Wall Street giants suggest good news for the crypto economy. Goldman Sachs CEO David Solomon said the investment banking giant intends to evaluate trading in cryptocurrencies if U.S. regulations allow the bank.
“At this time, as a regulated banking institution, we are not permitted to own cryptocurrencies like Bitcoin as principal,” he said at the Reuters Next conference on Tuesday, December 10. Ta.
“We have been advising clients on a variety of these technologies and issues and will continue to do so in the future. But at this point, from a regulatory perspective, our ability to act in these markets is very limited.”
Interestingly, Goldman Sachs revealed in its recent U.S. Securities and Exchange Commission (SEC) 13F filing that the company has invested more than $700 million in eight Bitcoin ETFs as of September 20, 2024. It was revealed that he owned it.
So, finally, it appears that corporate attitudes towards cryptocurrencies are changing. Even US President-elect Donald Trump has positioned himself as a champion of cryptocurrencies. The launch of a strategic national cryptocurrency stockpile was one of President Trump's promises leading up to the 2024 election. Removing Gary Gensler, whose aggressive approach to crypto regulation has made him a nemesis of crypto companies, as SEC chairman was another.
Ripple stablecoin greenlight means meme coin pump
Big news continues for the crypto economy, as Ripple CEO Brad Garlinghouse recently announced that the company's $RLUSD stablecoin has been approved by the New York Department of Financial Services to begin operations. Pegged to the US dollar at a 1:1 ratio, $RLUSD is supported by a combination of US dollar reserves, short-term US Treasury securities, and other liquid assets, reflecting Tether's support approach. $RLUSD will be launched on Ethereum's XRP ledger.
Overall, the latest developments are great news for the economy, crypto holders, and Best Wallet's peers. Leveraging Best Wallet’s $BEST token, $3.34 million has already been raised during the current pre-sale. Best Wallet plans to capture 40% of the cryptocurrency wallet market share by the end of 2026.
Best Wallet is a mobile-first, fully non-custodial app that supports thousands of cryptocurrencies, including the best meme coins, across 50 major blockchains. But what sets Best Wallet apart is its non-custodial aspect.
While most cryptocurrency wallets are managed by centralized companies or exchanges, Best Wallet gives users complete control over their wallets. In addition to this, you will receive reduced transaction fees, early access to presales, and airdrops. It is also the first crypto wallet to use Fireblocks' MPC-CMP wallet technology, adding high security, zero counterparty risk, and multi-blockchain support.
All things considered, we think $BEST is worth considering. Investors have just under two days to secure $BEST at its current price of $0.23075 before the next price increase. However, please note that this article does not constitute financial advice, which is always important to DYOR.
