Goldman Sachs, Citi, Bank Of America To Walk Through The Door Opened By Trump-Backed GENIUS Act

**Major Wall Street Banks Goldman Sachs, Citi, and Bank of America Embrace Blockchain Technology for G7 Currency Tokenization**

Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), Bank of America (NYSE:BAC), UBS Group (NYSE:UBS), and Deutsche Bank (NYSE:DB) have formed a powerful consortium to explore blockchain-based digital assets pegged to G7 currencies. This groundbreaking initiative represents a significant shift toward mainstream cryptocurrency adoption by traditional financial institutions.

The banking giants plan to develop innovative tokenized settlement systems backed by major fiat currencies including the U.S. dollar and euro. This move signals Wall Street's growing confidence in blockchain technology and decentralized finance (DeFi) solutions for institutional use cases.

The consortium's blockchain exploration comes amid increasing regulatory clarity and the Trump administration's support for the GENIUS Act, creating favorable conditions for cryptocurrency innovation. This institutional embrace of digital assets could accelerate Bitcoin and broader crypto market adoption, potentially driving significant price movements across the cryptocurrency sector.

The collaboration demonstrates how traditional banking is evolving to incorporate blockchain solutions, marking a pivotal moment for cryptocurrency mainstream integration and institutional DeFi adoption.