Morgan Stanley CEO says lender is exploring path to offer crypto in the US

Morgan Stanley CEO says lender is exploring path to offer crypto in the US
фото показано с : cryptoslate.com

2025-1-24 02:28

Morgan Stanley CEO Ted Pick said the lender is exploring how it can offer crypto services in the US and intends to engage with regulators once the review is complete. 

During an appearance on CNBC’s Squawk Box on Jan. 23, Pick said that Morgan Stanley’s equation is understanding how to act as crypto transactors while being a “highly regulated financial institution.”

He added:

“There we will be working with the [US] Treasury and the other regulators to figure out how we can offer that in a safe way.”

Pick also said that time is a new market’s friend, as perception becomes reality proportionally to the time spent on trading in it.

Additionally, regarding the recent trading fever of the memecoin related to President Donald Trump, Pick noted that liquidity expresses itself in “all kinds of different ways.”

A recent report by Chainalysis pointed out that Official Trump (TRUMP) and Melania Meme (MELANIA) memecoins potentially attracted new retail money.

Approximately 50% of TRUMP and MELANIA holders never bought altcoins issued on Solana before, and nearly half of the buyers created wallets on the day they made their memecoin purchases.

Confirming reports

Morgan Stanley’s crypto subsidiary, E-Trade, is reportedly preparing to launch spot crypto trading services for its clients amid anticipation of a favorable crypto landscape under the Trump administration.

However, as Pick suggested in the interview, offering crypto to a traditional financial institution has complications. E-Trade would need approval from key regulators, including the Federal Reserve since it is tied to Morgan Stanley.

Meanwhile, TradFi is increasingly showing interest in the crypto market, with many institutions exploring potential services. Charles Schwab, the largest publicly traded brokerage in the US, has also expressed interest in crypto trading. 

Charles Schwab CEO Rick Wurster recently indicated that the firm is exploring the possibility of entering the spot crypto market if regulatory conditions improve in the US.

The post Morgan Stanley CEO says lender is exploring path to offer crypto in the US appeared first on CryptoSlate.

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