Morgan Stanley CEO says lender is exploring path to offer crypto in the US
Morgan Stanley CEO Ted Pick announced the bank's exploration of offering crypto services in the US, emphasizing the need for regulatory engagement post-review. He highlighted the challenge of operating as a regulated financial institution while acting as crypto transactors. Pick mentioned that time benefits new markets, as perceptions evolve with trading activity. He noted the recent interest in memecoins related to Donald Trump, with a Chainalysis report indicating that many new buyers had not previously engaged with Solana altcoins. Morgan Stanley's crypto subsidiary, E-Trade, is preparing to launch spot crypto trading, pending regulatory approval from entities like the Federal Reserve. Other traditional financial institutions, including Charles Schwab, are also considering entry into the crypto market, contingent on improved regulatory conditions.
