Goldman Sachs Bigwig Throws Weight Behind Stablecoin Regulation at TOKEN2049—Because Banks Love a Controlled Revolution
Wall Street meets crypto—again. At TOKEN2049, a Goldman Sachs exec publicly endorsed stablecoin legislation, signaling institutional acceptance (or at least, a calculated embrace) of dollar-pegged digital assets.
Why now? With stablecoins processing $7T+ in 2024, even legacy finance can’t ignore the efficiency play—though they’ll sure try to regulate the profit margins first.
Bonus jab: Nothing unites bankers like the chance to monetize a technology they spent years dismissing as ’play money.’