US bankers cautious on crypto despite expected regulatory easing


FILE PHOTO: David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. REUTERS/Mike Segar/File Photo

NEW YORK (Reuters) - U.S. bankers struck a cautious tone on cryptocurrencies at the Reuters NEXT conference in New York this week, despite expectations that friendlier rules under President-elect Donald Trump will pave the way for lenders to expand into digital assets.

Trump courted crypto campaign dollars with promises to be a "crypto president" and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.

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