Morgan Stanley CEO Ted Pick has announced that the bank will be collaborating with US regulators to explore expanding its presence in the crypto market. The move comes as the regulatory landscape shifts, with the pro-crypto stance of the Trump administration reshaping the industry. Morgan Stanley was the first major US financial institution to offer Bitcoin funds to its wealth management clients in 2021 and expanded its services in 2024 to include Bitcoin ETFs from BlackRock and Fidelity. Pick discussed Bitcoin's durability in the market, stating that time is the friend of crypto. The bank's decision comes as recent regulatory changes signal a more accommodating environment for banks' involvement with cryptocurrencies. Bank of America CEO Brian Moynihan also expressed that the banking system would embrace crypto in a significant way if clear regulations were introduced to legitimize business activities with digital assets.



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