- A “rules-based” ultimatum
- The El Salvador connection
- Goldman’s crypto involvement
Goldman Sachs CEO David Solomon issued a stark warning to cryptocurrency enthusiasts hoping to bypass U.S. financial regulations: Get on board with the rules, or get out, CNBC reports
Solomon has stressed that the future of digital assets in the United States depends on integrating them into a secure legal framework.
A “rules-based” ultimatum
“If there are people who think we are going to operate in this environment without rules, they are probably wrong, and they should move to El Salvador,” Solomon told CNBC’s Sara Eisen during a live interview at the event.
HOT Stories
Goldman CEO to Crypto Rebels: Move to El Salvador
Morning Crypto Report: XRP Defends 200-Week Support, Altcoin Sell-Off Hits Five-Year Highs, Arthur Hayes Shares Two Scenarios for Bitcoin Amid ‘AI Financial Crisis’
Solomon has argued that the stability of the American financial system remains paramount.
“I believe that to operate markets safely and soundly, we need to have a rules-based system,” Solomon said. “Our banking system is unique, and it needs to coexist with this technological innovation.”
The El Salvador connection
Of course, El Salvador famously became the first country to adopt Bitcoin as legal tender in 2021. The move attracted a wave of crypto expatriates seeking a regulation-light environment.
However, the gamble has had mixed results. El Salvador’s government has been purchasing Bitcoin since 2022, but recent market volatility has taken a toll. The value of the nation’s Bitcoin holdings has reportedly fallen to approximately $500 million, down from a high of $800 million last year.
Goldman’s crypto involvement
The bank first flirted with the sector during the 2017 bull run by setting up a cryptocurrency trading desk, only to shelve those plans
This skepticism peaked in 2020 when the firm notably declared that cryptocurrencies were “not an asset class.”
However, the 2021 institutional wave forced a pivot. This prompted Goldman to restart its trading desk.
Goldman has also spent years developing GS DAP, a proprietary tokenization platform designed to bring traditional assets onto the blockchain
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Xinhua News Agency: AI scientists, product architects, and blockchain engineers will become high-paying positions.
The article interprets the “Outline of the 15th Five-Year Plan for National Economic and Social Development,” emphasizing that over the next five years, 109 major projects will be implemented, with a focus on developing artificial intelligence and talent cultivation, including strategic scientists and high-skilled talent. Smart agriculture will create new jobs and promote the integration of technology with agriculture.
BlockBeatNews4h ago
Energy analysts warn: Escalating attacks by Houthi forces could force oil-producing countries like Saudi Arabia to cut production.
Energy analysts warn that if the Houthis launch renewed attacks on Red Sea shipping, the oil market will face greater turmoil, which could lead to global oil supply cuts and higher oil prices. Saudi Arabia is moving crude oil to Red Sea ports to reduce the impact, but if the attacks continue, output could be constrained and force Saudi Arabia and other countries to cut production.
GateNews5h ago
Two Indian liquefied petroleum gas tankers sailed out of the Persian Gulf through the Strait of Hormuz.
Recently, the BW Tyr and BW Elm oil tankers carrying full loads of liquefied petroleum gas from India sailed out of the Persian Gulf via the Strait of Hormuz. India is heavily dependent on this import and is currently facing a shortage of liquefied petroleum gas.
GateNews6h ago
Donald Trump Backs Stablecoin Framework, Cites “Genius Act”
At the FII PRIORITY Miami summit from March 25–27, 2026, President Donald Trump praised Bitcoin as “highly powerful.” He noted a growing trend of people wanting to pay with cryptocurrency, signaling rising adoption. Trump emphasized free enterprise and minimal regulations, urging policies that
Coinfomania7h ago
Warren probes China-based Bitmain over US security concerns: Report
Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain how it is handling potential national security risks tied to Chinese crypto mining giant Bitmain, following previous reports that the firm has been under federal scrutiny.
In a letter sent Thursday to Commerce
Cointelegraph8h ago
U.S. Senator sends letter to the Department of Commerce, requesting clarification on the national security review regarding Bitmain.
U.S. Senator Elizabeth Warren sent a letter to Commerce Secretary Howard Lutnick, requesting documents related to Bitmain to understand the potential risks the company poses to national security. Bitmain is a major manufacturer of Bitcoin mining machines and is under investigation by the Department of Homeland Security regarding safety concerns related to its equipment and connections to the Trump family.
GateNews8h ago
