Goldman Sachs is not opening an institutional crypto trading desk, despite rampant rumors suggesting otherwise. That’s what Goldman Sachs CEO David Solomon told the House Financial Services Committee this week. The Congressional hearing gathered the CEOs of the seven largest banks in the United States. They were grilled about the bloated executive pay packages of Wall Street bankers and whether the institutions have become more responsible in the decade since the massive taxpayer-funded bank bailout of 2009. ‘We Never Had Plans to Open a Crypto Desk’ During the hearing, David Solomon claimed that Goldman never had any concrete plans to
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