Marty Chavez, CFO of Goldman Sachs, late Thursday strongly denied the bank is postponing its planned cryptocurrency trading desk because of regulatory uncertainty. The move by a bank of Goldman’s stature was seen as a sign of legitimacy for cryptocurrencies, particularly bitcoin (BTC).
“It wasn’t like we announced anything or that anything had changed for us,” said Chavez at the TechCrunch Disrupt Conference, as TechCrunch reported. “I never thought I’d hear myself actually use this term, but I’d really have to describe that as ‘fake news.’”
The Goldman rumor is being cited as one reason why many cryptocurrencies, including bitcoin, have fallen in price this week.