Goldman CEO to Crypto Rebels: Move to El Salvador - U.Today

XRP1,53%
BTC4,49%
  • 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

Geopolitical Fears Drive Crypto Community Chatter to a New Peak

_WW3 mentions surge to 2025 highs, driving sharp Bitcoin volatility before a rapid rebound above $69K._ Rising geopolitical tensions have spilled into crypto markets once again. Online discussions about a potential “World War 3” have surged to levels last seen in mid-2025. Price swings

LiveBTCNews56m ago

Trump issues a challenge! Does not rule out ground troops attacking Iran, stating: "I don't care about the polls."

President Trump emphasized in an interview that the "Divine Fury Operation" against Iran has progressed rapidly, killing 49 high-ranking officials on the first day. He stated that he does not rule out deploying ground troops if necessary and said he doesn't care about polls, firmly believing that he represents the "silent majority." Trump warned that Iran obtaining nuclear weapons again would lead to catastrophic consequences.

動區BlockTempo1h ago

BTC 15-minute increase of 1.41%: Geopolitical easing and institutional accumulation resonate to drive the rebound

From 15:30 to 15:45 on March 2, 2026 (UTC), Bitcoin (BTC) experienced a significant rebound in the short term, with a return of +1.41%. The trading range was between 68,433.0 and 69,535.2 USDT, with an amplitude of 1.61%. During the abnormality window, market attention increased significantly, volatility intensified, and short-term capital flow became active. The main driving force behind this anomaly is the easing of geopolitical tensions combined with a return to risk appetite, leading some funds to re-enter the cryptocurrency sector. At the same time, institutional holdings continued to increase, and spot ETF capital flows...

GateNews2h ago

Breaking News》Trump will deliver a speech focusing on Iran at midnight tonight! Bitcoin responds by jumping above $67,000, Ethereum surges to $1980

President Trump will deliver a speech on Iran on March 2nd, expected to update on the progress of the US-Israel joint military operations and warn against Iranian influence. The speech has triggered market volatility, with Bitcoin and Ethereum prices rising.

動區BlockTempo2h ago

Iranian cryptocurrency exchange Nobitex experiences a 700% surge in fund outflows! After U.S. airstrikes, crypto becomes a "fund escape route"

After the U.S. military airstrikes on Iran, Iran's largest cryptocurrency trading platform Nobitex experienced a sudden surge of 700% in fund outflows, indicating that cryptocurrencies have become a rapid transfer channel for funds. Against the backdrop of escalating geopolitical risks, some funds are choosing to evade sanctions. Although blockchain transparency allows for tracking of fund flows, it still raises concerns about their intended use.

動區BlockTempo3h ago

On-chain tracking of Polymarket's Khamenei market insider: 521 addresses precisely lurking, with a few entities targeting with precision

Author: Frank, PANews In the early morning of February 28, 2026, the global geopolitical landscape was shaken as the Iran-U.S. conflict reignited. This black swan event that altered the geopolitical pattern triggered intense chain reactions in the physical world, and similarly caused a chaotic capital vortex in the digital realm. On the decentralized prediction market Polymarket, a contract titled “Will Khamenei step down as Iran’s Supreme Leader before February 28?” has accumulated a trading volume of $81.63 million. As the news of the physical world’s death was gradually confirmed, the settlement of this massive smart contract faced severe paralysis and controversy. Both Yes proposals were rejected twice, and the market was forced into the final arbitration stage of the UMA oracle. This dispute once again sparked reflections on the judgment of prediction markets, and multiple addresses were exposed, suspected of being insider addresses that seized over $1 million in profits.

PANews3h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)