Market
Which regulator will first approve Bank of America's crypto service by end of 2025?
3
Resolution / Starting Odds
U.S. Securities and Exchange Commission (SEC) • 25%
Federal Reserve • 25%
Office of the Comptroller of the Currency (OCC) • 25%
Other • 25%
Official announcements from Bank of America or relevant regulatory bodies
Story
Bank of America CEO at Davos: Bank Will 'Come in Hard' on Crypto Payments If Regulators Allow
Jan 21, 2025, 02:53 PM
Bank of America CEO Brian Moynihan stated at the World Economic Forum in Davos that the $1.6 trillion bank is prepared to embrace cryptocurrencies, including Bitcoin, for payments if regulators allow it. He emphasized that the bank would "come in hard" to facilitate crypto transactions once government and regulatory approval is granted. Moynihan noted that Bank of America has patents on blockchain technology and understands how to enter the crypto space, highlighting the financial industry's readiness to adopt crypto payments pending a regulatory green light.
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Bank of America • 25%
JPMorgan Chase • 25%
Wells Fargo • 25%
Other • 25%
Bitcoin • 25%
Other • 25%
Ripple • 25%
Ethereum • 25%
Other • 25%
OCC • 25%
SEC • 25%
FDIC • 25%
Other • 25%
Wells Fargo • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Other • 25%
Federal Reserve • 25%
OCC • 25%
FDIC • 25%
None of the above • 25%
Wells Fargo • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Corporate transactions • 25%
Retail payments • 25%
Other • 25%
Cross-border transactions • 25%
JP Morgan • 25%
Other • 25%
Bank of America • 25%
Wells Fargo • 25%