Morgan Stanley to Work with Regulators on Safe Crypto Transactions at World Economic Forum in Davos

Jan 23, 2025, 03:36 PM

Morgan Stanley CEO Ted Pick announced at the World Economic Forum in Davos that the bank is planning to collaborate with U.S. regulators, including the Treasury Department, to explore safer methods for offering cryptocurrency transactions. This move comes as part of a broader interest in the crypto industry among major financial institutions. Pick emphasized the bank's intention to act as a transactor in the crypto market, aiming to navigate the regulatory landscape to provide these services securely. The announcement aligns with Morgan Stanley's previous steps into the crypto space, such as offering Bitcoin ETFs, signaling a potential shift towards mainstream adoption of digital assets in the financial sector.