Goldman Sachs CEO Solomon calls rule-based system for crypto 'very, very important'

In this article

Goldman Sachs

CEO David Solomon said Wednesday “it is very, very important that we codify a rule-based system” for how cryptocurrency and related financial instruments will operate” in the United States.

“As an American, I think it is very important that as we put legislation in place, we get it right for the long term,” Solomon told CNBC’s Sara Eisen during an interview in front of attendees at the World Liberty Forum at the Mar-a-Lago club in Palm Beach, Fla., which was hosted by the Trump family’s crypto venture World Liberty Financial.

“I believe that to operate markets safely and soundly, we need to have a rules-based system,” said Solomon, whose firm is one of the world’s premier traditional investment banks. “Our banking system is unique, and our banking system needs to coexist with this technological innovation.”