{"id":144661,"date":"2024-12-13T11:00:44","date_gmt":"2024-12-13T09:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144661"},"modified":"2024-12-12T18:10:24","modified_gmt":"2024-12-12T16:10:24","slug":"u-s-banks-hold-back-on-crypto-despite-trumps-pro-asset-stance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-banks-hold-back-on-crypto-despite-trumps-pro-asset-stance\/","title":{"rendered":"U.S. Banks Hold Back on Crypto Despite Trump\u2019s Pro-Asset Stance"},"content":{"rendered":"

While Trump’s pro-crypto stance has ignited hope for clearer regulations and a more favorable environment, financial institutions are holding back, waiting for more certainty before committing fully to the space.<\/p>\n

Trump’s election has already had a significant impact on the crypto market, with Bitcoin’s price soaring to $103,900 on December 5 and Bitcoin<\/a> <\/strong>ETFs seeing around $10 billion in inflows. However, major financial institutions like Goldman Sachs remain hesitant.<\/p>\n

CEO David Solomon emphasized<\/a> <\/strong>that for the bank to venture into digital assets, the regulatory framework must evolve. Goldman Sachs has expressed a willingness to evaluate the potential of Bitcoin and Ethereum, but only once the rules governing crypto are clearer. BNY Mellon has taken a small step by offering crypto custody services for ETFs, but CEO Robin Vince cautioned that any new initiatives must be tested through macroeconomic cycles before scaling up.<\/p>\n