Morgan Stanley to Collaborate with Regulators on Crypto Offerings
- Morgan Stanley CEO Ted Pick is working with US regulators to explore crypto offerings.
- The firm aims to determine if it can act as a transactor in the digital assets sector.
- Under current regulations, banks are prohibited from owning Bitcoin directly.
- Bank of America and Goldman Sachs have shown interest in investing in Bitcoin.
- Bank of America has numerous blockchain patents and awaits regulatory approval for crypto ventures.
Morgan Stanley, led by CEO Ted Pick, is engaging with US regulators to assess its potential involvement in the digital assets industry, amidst existing restrictions on direct Bitcoin ownership by banks.
Source (2.6)https://dailyhodl.com/2025/01/23/morgan-stanley-ceo-says-the-financial-giant-will-collaborate-with-us-regulators-on-crypto-offerings-report/?rand=59076
