Ted Pick, the CEO of the banking giant Morgan Stanley, announced in an interview with CNBC at the World Economic Forum in Davos that the bank is ready to collaborate with US regulators to explore new opportunities in digital currency markets. Pick emphasized that Morgan Stanley will operate within regulatory frameworks and work closely with the Treasury Department and other regulatory bodies to offer its services in a safe and compliant manner. The bank had previously taken significant steps in this area by introducing Bitcoin funds for its wealthiest clients in 2021 and advancing Bitcoin exchange-traded funds (ETFs) last year. Pick stated that despite market controversies and fluctuations, Bitcoin’s legitimacy has been reinforced. These statements come alongside the positive policies of the Trump administration towards digital currencies, which could pave the way for banks to expand their role in digital assets.
