Market
Will Bank of America receive regulatory approval for crypto payments by end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
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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Other • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Wells Fargo • 25%
Other • 25%
Cross-border transactions • 25%
Corporate transactions • 25%
Retail payments • 25%
Ethereum • 25%
Ripple • 25%
Bitcoin • 25%
Other • 25%
Yes • 50%
No • 50%
Wells Fargo • 25%
Bank of America • 25%
JPMorgan Chase • 25%
None of the above • 25%