Morgan Stanley Plans to Offer Crypto Services to its Clients
Morgan Stanley CEO Ted Pick has announced plans to work closely with US regulators to assess the potential for the bank to expand its involvement in the crypto trading space.
Speaking at the World Economic Forum in Davos, Pick shared that the bank is currently undergoing testing to ensure that any involvement in digital assets complies with their strict regulatory standards.
This move comes as the current presidential administration shows a positive stance towards cryptocurrency, which has led to an increase in public support for these assets.
Pick stressed the importance of collaboration with key agencies such as the US Treasury and SEC in order to develop a compliant approach to offering crypto services.
In a recent interview, Coinbase CEO Brian Armstrong also expressed confidence in the impact of the Trump administration on the crypto market, citing Bitcoin’s all-time high and predicting continued investment under Trump’s leadership.
