Morgan Stanley Eyes Deeper Crypto Push Under Trump

Morgan Stanley is considering diving into the crypto industry with more offerings amid changing regulations in the ecosystem.

Banking giant Morgan Stanley continues to observe recent developments across the cryptocurrency market. With a keen interest in the pro-crypto Donald Trump administration, the bank plans to discuss with US regulators to optimize possible opportunities. 

Morgan Stanley and Crypto Collaboration Plans  

On Thursday, Ted Pick, the bank’s CEO, unveiled these plans while speaking at the World Economic Forum in Davos, Switzerland. He intends to collaborate with US regulators to gain a wider crypto presence. The firm aligns with Trump’s pro-crypto stance, riding on its outlook with over $1.4 trillion in assets, 90,000 employees, and a presence in 41 countries. 

🚨 Morgan Stanley CEO Ted Pick announces the bank is working with the U.S. Treasury & regulators to offer crypto transactions. Big move for mainstream adoption! 🔥 #Crypto #Blockchain #FinTech #CryptoNews pic.twitter.com/fn5GhdPzOh

— AltCoiners.live (@alt_coiners) January 24, 2025

He noted a need to work with the US Treasury and other financial regulators in attempting a crypto market adventure. This will help aid its push for a stress-free adoption of digital assets, especially in 2025. 

He identified the official TRUMP memecoin’s recent performance as another indicator of the industry’s potential. 

After a harsh stance under Joe Biden, Trump’s Executive Orders could strike out Operation Chokepoint 2.0. This initiative has restrained banks from having deals with crypto companies in the past. However, Cynthia Lummis’s nomination to lead the Senate banking subcommittee on digital assets has joined to signal a future for Web3. 

Morgan Stanley’s actions might inspire more mainstream firms to follow. Several US state legislators have considered adopting Bitcoin (BTC) for their strategic treasury reserve.

There are speculations that Congress could institute regulatory frameworks for crypto assets and web3 space. This train of events could benefit Morgan Stanley if it moves early.

Past Crypto Moves

In January 2024, Pick became Morgan Stanley’s CEO and repeatedly expressed his love for cryptocurrency. Interestingly, the bank began offering BTC services during Joe Biden’s anti-crypto administration. 

The bank became one of the first US banking institutions to offer its wealthy customers access to Bitcoin-backed funds. At the start, the access was seamless for consecutive years, and by 2024, it expanded its services. 

Notably, Morgan Stanley permitted financial advisors to market Bitcoin ETFs from Fidelity and BlackRock. 

Also, the bank is known to have offered BTC services to several companies before Bitcoin ETFs were approved. In August last year, about 15,000 of its wealthy advisors rendered spot BTC ETF services to their clients. This was done through IBIT and FBTC, which were managed by BlackRock and Fidelity.

Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.