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.
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