Goldman Sachs CEO Lloyd Blankfein plans to step down in December, the New York Times reported Friday. This raises questions about how his departure might affect the bank’s plans for digital currencies, multiple crypto-focused websites noted.

Earlier this month, news broke that Goldman planned to begin trading contracts linked to the price of bitcoin (BTC).

The major Wall Street bank developed those plans even though Blankfein has publicly voiced doubt about the No. 1 cryptocurrency. In late November he called bitcoin a tool for fraud, CCN notes

Cryptoline News said Blankfein’s expected departure could be a “blessing in disguise” for the general cryptocurrency community because of his past statements questioning bitcoin.

ThirtyK Staff
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