Next in Line CEO of Goldman Sachs, David M. Solomon Good For Crypto?
A recent announcement made by Goldman Sachs indicated that David M. Solomon could be the potential CEO, after Lloyd C. Blankfein, the current CEO, steps down, as he is retiring. This news has sparked happiness among the cryptoworld.
Blankfein has been the CEO for 12 years strong, having first started in 2006. He has been known for his efforts, as he planned several operations to help Goldman Sachs come out of the damages caused by the financial crisis of 2008. According to the team, Blankfein will be remembered for his increased contributions, as well as his intelligence and his well-rounded skills when it comes to sales.
Prior to the announcing Solomon as the “to-be-CEO”, the running was between himself and Harvey Schwartz. However, it has been declared that Solomon, who is both the President of Goldman Sachs and deejaying part-time, will be taking Blankfein’s position.
Many have been speculating that Solomon’s new role will be beneficial to the cryptoworld, as he himself has great interest in digital assets as a whole. It has been stated that Goldman Sachs has been working towards developing its online-lending business and engaging in trading currencies. This could imply that the company’s future ambitions could be facing digital assets- mainly crypto – especially given the fact that the entire team is on-board with Solomon’s interests.
As for the measures taken, Goldman Sachs has appointed Justin Schmidt as the Head of Digital Assets, not too long ago. A Bloomberg report proposed that the company has taken the first steps towards establishing their own trading desk for digital currencies, however, Goldman Sachs suggested it to be false.
With so many confusions surfacing, an interview with Blankfein and CNBC hints that they are open to the idea and will act based on their clients’ needs. As for the statement, it goes as follows:
“What we said we were opening – we, we are clearing futures in bitcoins for some of our future clients. We’d clear them. We’re a prime broker and so if our clients are going to do it, we’re going to do it.”
Blankfein also went on to tweet that the firm is still considering digital assets, but not necessarily confirming it will happen, nor rejecting it altogether. Will Solomon’s new position determine the direction Goldman Sachs will take?