Morgan Stanley CEO Ted Pick announced the bank’s intention to collaborate with U.S. regulators to evaluate its ability to deepen its involvement in cryptocurrency markets. Speaking at the World Economic Forum in Davos, Switzerland, Pick explained that the bank is assessing whether a highly regulated financial institution like Morgan Stanley can act as a transactor in this emerging asset class.
Morgan Stanley To Explore Crypto Services Under Pro-Crypto Trump Administration
In a recent interview, Morgan Stanley CEO Ted Pick confirmed the bank’s plans to work closely with U.S. regulators to examine its potential role in cryptocurrency markets. This comes amid the pro-crypto policies of the Trump administration, which have created a more favorable environment for digital assets.
Pick stated that the bank’s focus is on determining whether it can safely act as a transactor within the regulatory framework. He emphasized the importance of collaboration with key agencies, including the U.S. Treasury and the Securities and Exchange Commission (SEC), to establish a compliant approach to offering crypto services.
This Is Developing Update, Please Check Back For More
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: