Market
Which major bank will first receive regulatory approval for crypto payments by end of 2025?
3
Resolution / Starting Odds
Bank of America • 25%
JPMorgan Chase • 25%
Wells Fargo • 25%
Other • 25%
Official announcements from the banks or relevant regulatory bodies
Story
$1.6 Trillion Bank of America Ready to Embrace Crypto Payments at Davos, Awaits Regulatory Approval
Jan 21, 2025, 01:40 PM
Bank of America, valued at $1.6 trillion, is prepared to embrace cryptocurrencies for payments if regulators approve, according to CEO Brian Moynihan. Speaking at the World Economic Forum in Davos, Switzerland, Moynihan emphasized that if regulations allow for the use of cryptocurrencies in transactions, banks would actively engage in facilitating these payments. He highlighted Bank of America's readiness, mentioning the bank's existing blockchain patents. Moynihan's comments come in the context of President Donald Trump's enthusiasm for digital currencies, suggesting a potential shift in the banking sector's approach to crypto under the current administration.
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Similar markets
No • 50%
Yes • 50%
Federal Reserve • 25%
U.S. Securities and Exchange Commission (SEC) • 25%
Office of the Comptroller of the Currency (OCC) • 25%
Other • 25%
Other • 25%
Bank of America • 25%
JP Morgan • 25%
Goldman Sachs • 25%
Wells Fargo • 25%
Other • 25%
JP Morgan • 25%
Bank of America • 25%
JPMorgan Chase • 25%
Morgan Stanley • 25%
Other • 25%
Goldman Sachs • 25%
JPMorgan Chase • 25%
Other • 25%
Bank of America • 25%
Wells Fargo • 25%
Bank of America • 25%
JPMorgan Chase • 25%
None of the above • 25%
Wells Fargo • 25%
Ripple (XRP) • 25%
Other • 25%
Bitcoin • 25%
Ethereum • 25%
Bank of America • 25%
JPMorgan Chase • 25%
Other • 25%
Wells Fargo • 25%
Bank of America • 25%
Other major bank • 25%
Wells Fargo • 25%
JPMorgan Chase • 25%