Us-based banks are voicing their intenses to expand crypto involvement, in the backdrop of us president donald trump’s return to the white house with promises of priepto regulations. Morgan Stanley CEO TED Pick Reportedly Said That The Bank Wishes to Explore if it can act as a Crypto Transactor While Keeping Its Regulatory Obligations intact. In order to do so, the ceo said that the new york city-headquartered bank plans to ramp up discusations with us regulators in the coming months.
The ceo revised the bank’s plans on the sidelines of the world economic forum (Wef 2025) in Davos. Pick told A CNBC correspondent said that Morgan Stanley will be working with the US Treasury and other relevant agencies to assess how safe should it be for the bank to formay into crypto services.
Pick also discussed the recent freonzy surrounding president trump and first lady melania trump’s memecoins. “I think there is liquidity. I think the broader question is whether some of age of age, whether IT’s Hit Escape Velocity, You Know, Time is the Front the Longer It (Cryptocurrency) Trades. And you know, Perception Boxes Reality. For us, the equation is really around where we are as a highly regulated financial institution can act as transactors or follow the money, “he said
In the past, Morgan Stanley has taken a lesss to fory into crypto services. In August 2024, The Wall Street Bank Reportedly Started allowing its financial advisors to recommend bitcoin-backed etfs to select high network. Due to regulatory uncertainty, the bank continued to mainTain its distance from engaging with virtual assets.
The Crypto Industry is Waiting for Us President Donald Trump’s Pro-Crypto Promies to Materialise. Just Days After Trump’s Inaugural Ceremony, The US Sec Set Up A task forceTasked with the responsibility of accelerating the drafting of crypto rules. The us president previously stated that he plans to make btc a reserved asset in the us.
Earlier this week, The Chairperson of the Bank of America also predicted That tractional banks are likely to go bully to crypto-Related services on the Regulations are more defined under President Trump.
(Tagstotranslate) Morgan Stanley Work Us Regulator Assess Pros Cons Cons Cons Cons Cons Constes Crypto Exption Cryptocurrency (T) Morgan Stanley (T) Donald Trump
