Goldman Sachs, Citi, Bank Of America To Walk Through The Door Opened By Trump-Backed GENIUS Act - Goldman Sachs Group (NYSE:GS)

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.Wall Street Backs Blockchain AssetsThe joint initiative aims to develop tokenized settlement systems backed by the U.S. dollar, euro, and other G7 currencies.The group reported in Friday press release that it intends to design ...