Morgan Stanley has recently expressed interest in the cryptocurrency industry, with their CEO stating in a Tuesday interview that they are willing to collaborate with regulators to further their involvement in the market.
Ted Pick, the CEO and Chairman, mentioned in a CNBC interview that there is currently a significant amount of liquidity in the market, likely due to the recent launch of a meme coin by former President Donald Trump.
He also noted that the bank wants to ensure they can offer cryptocurrency services safely, and will be collaborating with government agencies to do so. Pick elaborated, saying, “As a heavily regulated financial institution, our main concern is whether we can act as intermediaries.
We will cooperate with the Treasury and other regulatory bodies to determine how we can safely offer these services.” This comes after Trump promised to support the digital asset industry during his campaign, following strict actions taken against the industry by former President Joe Biden’s administration.
