LineNoise: Arkanaut: During the 2008 Financial Crisis Goldman had the reputation of getting out before the other major investment banks, or if you're less charitable, dumping all their trash on the others before the bottom fell out. I wonder if they've lost some of the savvy or voices of reason they had from those days.

The reasoning i'd bet would be to position themselves so they have a seat at the table, when the bottom truly does fall out and people start screaming for more regulations, to be able to raise their hand and say, "Hey, we know how to abide by them, been doing it forever, unlike YourMomsBox69.com over there"

Agreed.  I think this is an early step towards the existing financial powerhouses effectively buying out the crypto field and turning it toward their own ends.  (Which was always the most likely outcome.)

I suspect GS sees this as the moment when there's been enough of a collapse to get it on the cheap, but not so much of a collapse that there's nothing useful or profitable to salvage.