Morgan Stanley to collaborate with US regulators on safe entry into crypto space
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Amid growing interest in cryptocurrencies among US banks, Morgan Stanley has expressed its intent to explore crypto services while maintaining compliance with regulatory standards.
The move aligns with President Donald Trump's recent return to office, accompanied by pro-crypto regulatory promises.
Morgan Stanley CEO Ted Pick announced the bank's plans during the World Economic Forum (WEF 2025) in Davos.
Speaking to CNBC, Pick revealed that the New York-based financial institution is engaging with the US Treasury and other regulatory bodies to assess the safety and feasibility of offering crypto-related services. “We’re exploring whether we, as a highly regulated financial institution, can act as transactors or follow the money,” Pick stated.
He emphasised the importance of ensuring liquidity and gauging whether the cryptocurrency market has reached a stage of maturity.
Morgan Stanley has previously dipped its toes into the crypto sector. In August 2024, the bank began permitting its financial advisors to recommend Bitcoin-backed ETFs to select high-net-worth clients. However, due to regulatory uncertainty, it refrained from deeper involvement in virtual assets.
With President Trump’s administration signaling a shift toward pro-crypto policies, the industry is anticipating clearer regulations. In line with these expectations, the US Securities and Exchange Commission (SEC) recently established a task force to expedite the development of crypto regulations.
President Trump has also hinted at ambitions to elevate Bitcoin as a reserved asset for the US, a move that has generated significant buzz in the crypto world. Additionally, the recent popularity of memecoins associated with President Trump and First Lady Melania Trump has added to the momentum.
Ted Pick acknowledged the heightened attention on these developments, noting, “Perception becomes reality. The longer cryptocurrency trades, the more viable it appears.”
Meanwhile, other major financial institutions are closely monitoring regulatory advancements. The chairperson of Bank of America recently predicted increased adoption of crypto services by traditional banks once clearer guidelines are in place.