The post Morgan Stanley CEO Outlines Path to Cryptocurrency Service Offerings appeared on BitcoinEthereumNews.com.

TLDR Morgan Stanley CEO Ted Pick announced openness to offering crypto services pending regulatory approval, emphasizing safety and compliance Bank of America CEO Brian Moynihan expressed similar interest in cryptocurrency payments, noting banks’ existing digital transfer capabilities The announcements follow Donald Trump’s controversial meme coin launch, which reached a $7.5 billion market cap Morgan Stanley already allows financial advisors to promote Bitcoin ETFs and previously offered Bitcoin funds to wealthy clients Approximately 50% of Trump-related meme coin buyers were new to Solana altcoin trading, according to Chainalysis Major U.S. banking institutions are taking steps toward offering cryptocurrency services, with Morgan Stanley and Bank of America leading discussions about potential market entry. The move represents a shift in traditional banking’s approach to digital assets, though executives emphasize the need for regulatory clarity. Morgan Stanley CEO Ted Pick announced on Tuesday that the bank is exploring ways to offer cryptocurrency services while maintaining compliance with banking regulations. During a CNBC interview, Pick addressed the bank’s position on digital assets, stating that the key consideration revolves around how a regulated financial institution can facilitate cryptocurrency transactions. “We’ll be working with the Treasury and the other regulators to figure out how we can offer that in a safe way,” Pick said during the interview. The statement indicates Morgan Stanley’s careful approach to entering the cryptocurrency market while ensuring regulatory compliance. The announcement follows Morgan Stanley’s previous moves in the crypto space. The bank already permits its financial advisors to promote Bitcoin ETFs to clients, and in 2021, it began offering Bitcoin fund access to wealthy clients. These steps suggest a gradual but steady approach to incorporating digital assets into their service offerings. Bank of America has also expressed interest in cryptocurrency integration. CEO Brian Moynihan stated that U.S. banks would be open to using…

---

Filed under: News - @ January 24, 2025 2:28 pm