Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto.
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Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.
Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort to develop a regulatory framework for the nascent asset class.
Morgan Stanley, a juggernaut in the wealth management industry, has been repeatedly ahead of its peers when it comes to crypto. It was the first major U.S. bank to offer bitcoin funds to its rich clients in 2021, and last year it took the lead on offering bitcoin exchange-traded funds. That’s because the firm’s financial advisors were getting questions from clients about bitcoin exposure.
Source: CNBC
