US-based banks are expressing their intentions of expanding involvement in encryption, with the background of US President Donald Trump as its background to the White House with promises of pro-criminal regulations. Morgan Stanley’s CEO, Ted Pick, would have said that the bank wants to explore if it can act as an encryption operator, keeping its regulatory obligations intact. To this end, the CEO said the New York -based bank plans to intensify discussions with US regulators in the coming months.
The CEO revealed the bank’s plans on the sidelines of the World Economic Forum (WEF 2025) in Davos. Choice told A CNBC correspondent said Morgan Stanley will work with the US Treasury and other relevant agencies to evaluate how safe it would be for the bank to invest in encryption services.
Pick also discussed the recent frenzy around President Trump’s memecoins and the first lady Melania Trump. “I think there is liquidity. I think the broader question is if it has reached the age of adulthood, if it has reached the escape speed, you know, the time is ahead the longer it (cryptocurrency) is negotiated. And you know, perception comes true. For us, the equation revolves around whether we, as a highly regulated financial institution, can act as transitors or follow the money, ”he said.
In the past, Morgan Stanley has taken some measures to invest in encryption services. In August 2024, the Wall Street Bank supposedly It began to allow your financial consultants to recommend Bitcoin -backed ETFs to select high equity customers. Due to regulatory uncertainty, the bank continued to maintain distance from involvement with virtual assets.
The cryptographic industry is waiting for US President Donald Trump’s pro-criminal promises to come true. A few days after Trump’s inauguration ceremony, the US sec created a task forcein charge of accelerating the elaboration of cryptographic rules. The US President has previously stated that he plans to make BTC a reserved asset in the US.
Earlier this week, the president of Bank of America too planned that traditional banks will probably become optimistic about encryption -related services, as regulations are more defined under President Trump.