As crypto company valuations are affected by the recent FTX debacle, financial services firm Goldman Sachs (NYSE:GS) is looking to swoop in and invest millions to purchase or invest in crypto firms while the prices are low.
In an interview with mainstream media outlet Reuters, Mathew McDermott, an executive at Goldman Sachs, reportedly said that big banks are seeing opportunities in the space as the FTX collapse highlighted a need for more regulation within the industry.