Morgan Stanley CEO signals potential crypto expansion under pro-crypto Trump administration


Key Takeaways

  • Morgan Stanley is exploring crypto market expansion with US regulators.
  • New regulatory changes signal a more accommodating environment for banks to engage with crypto assets.

Share this article

Morgan Stanley CEO Ted Pick announced the bank will be working with US regulators to explore expanding its crypto market presence, speaking at the World Economic Forum in Davos on Thursday.

“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Pick told CNBC’s Andrew Ross Sorkin. “We’ll be working with Treasury and the other regulators to figure out how we can offer that in a safe way.”

This announcement comes at a time when the pro-crypto stance of the Trump administration is reshaping the regulatory landscape.

Earlier this week, the acting head of the SEC launched an effort to create a regulatory framework for digital assets.

Morgan Stanley was the first major US financial institution to offer Bitcoin funds to its wealth management clients in 2021. The bank later expanded its services in 2024 to allow financial advisors to market Bitcoin ETFs from BlackRock and Fidelity.

Pick, who became CEO in January 2024, discussed Bitcoin’s durability in the market.

“The broader question is whether some of this has come of age, whether it’s hit escape velocity,” he said. “You know, time is the friend of crypto; the longer it trades, perception becomes reality.”

The bank’s move comes as the regulatory landscape shifts.

While banks were previously restricted from owning “physical” Bitcoin under the Biden administration, limiting their activities to derivatives, recent regulatory changes signal a more accommodating environment.

On Tuesday, Bank of America CEO Brian Moynihan shared his perspective in an interview with CNBC.

He expressed that if clear regulations are introduced to legitimize business activities with crypto, the banking system would embrace it in a significant way.

Share this article

  • Umair

    Muhammad Umair is a passionate content creator, web developer, and tech enthusiast. With years of experience in developing dynamic websites and curating engaging content, he specializes in delivering accurate, informative, and up-to-date articles across diverse topics. From gaming and technology to crypto and world news, Umair's expertise ensures a seamless blend of technical knowledge and captivating storytelling. When he's not writing or coding, he enjoys gaming and exploring the latest trends in the tech world.

    Related Posts

    Hong Kong Accepts Crypto as Proof of Assets for Investment Immigration

    Hong Kong has approved cryptocurrency as proof of assets for investor immigration, recognizing bitcoin and ethereum holdings in two cases under its HK$30 million residency requirement. Crypto as Proof of…

    ‘Buy Now, Pay Later’ giant Klarna to adopt crypto, says CEO

    Key Takeaways Klarna plans to integrate cryptocurrency services into its platform. Klarna CEO is seeking community input on how best to implement crypto features. Share this article Klarna, the Swedish…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Hong Kong Accepts Crypto as Proof of Assets for Investment Immigration

    • By Umair
    • February 9, 2025
    • 1 views
    Hong Kong Accepts Crypto as Proof of Assets for Investment Immigration

    ‘Buy Now, Pay Later’ giant Klarna to adopt crypto, says CEO

    • By Umair
    • February 9, 2025
    • 2 views
    ‘Buy Now, Pay Later’ giant Klarna to adopt crypto, says CEO

    TradFi will keep its distance until DeFi becomes a manageable risk

    • By Umair
    • February 9, 2025
    • 2 views

    Crypto VC mulls whether market is 'near the bottom'

    • By Umair
    • February 9, 2025
    • 2 views

    Arthur Hayes Warns of Bitcoin Crash if US Creates Strategic BTC Reserve

    • By Umair
    • February 9, 2025
    • 2 views
    Arthur Hayes Warns of Bitcoin Crash if US Creates Strategic BTC Reserve

    Trump Plans to Send $8 Billion in Arms to Israel, Bypassing Some Lawmakers

    • By Umair
    • February 9, 2025
    • 2 views
    Trump Plans to Send $8 Billion in Arms to Israel, Bypassing Some Lawmakers