Goldman Sachs CEO David Solomon said Wednesday that crypto companies who think they can walk away from an industry market structure bill currently stalling in Congress “should move to El Salvador.”
Speaking Wednesday at Mar-a-Lago, Goldman Sachs’ David Solomon echoed Bessent’s remarks, saying he was “in the same camp” as the treasury secretary when it came to the Senate’s crypto bill. The crypto industry can’t operate without a rules-based structure, Solomon said.
“It is very, very important that we codify a rules-based system,” Solomon said. “It’s not going to be perfect."
“If there are people who think we’re going to operate without a rules-based system, they’re probably wrong and should move to El Salvador,” the Goldman Sachs CEO continued.
Solomon was speaking Wednesday at the World Liberty Forum, an event held by the Trump family’s crypto company, World Liberty Financial. When asked by a CNBC moderator why he was there, Solomon bluntly replied that the Trump family’s business partners, the Witkoff family, had asked him to come.
“I’m here because Alex Witkoff called me,” Solomon said. “Alex and his family are great clients of the firm.”
Solomon further commented on his own personal Bitcoin holdings, saying he owns "very little, but some" of the top cryptocurrency—and described himself more as an "observer of Bitcoin."
Coinbase CEO Brian Armstrong is scheduled to speak at the Mar-a-Lago event later this afternoon.
