Morgan Stanley Collaborates with U.S. Regulators on Crypto Expansion

Morgan Stanley's CEO Ted Pick announced at the World Economic Forum that the bank will collaborate with U.S. regulators to expand its involvement in the cryptocurrency market, aligning with the pro-crypto stance of the Trump administration. He emphasized the bank's focus on determining how it can safely act as a transactor in the evolving digital asset landscape. Morgan Stanley has been a leader in crypto offerings, being the first major U.S. bank to provide Bitcoin funds in 2021 and later offering Bitcoin ETFs. The regulatory environment has recently shifted, allowing for deeper engagement with cryptocurrencies after restrictions under the Biden administration limited banks to trading derivatives. The acting head of the SEC is also working on a regulatory framework for digital assets, further indicating a possible thaw in restrictions. Other major banks, like Bank of America, have expressed readiness to enter the crypto space, contingent on clearer regulations.