President Donald Trump’s bold agenda to position the United States as a global crypto hub has ignited interest among top U.S. banks, including Morgan Stanley, Goldman Sachs, and Bank of America.
Trump's administration’s regulatory shift and focus on digital assets have positioned major financial institutions to explore deeper involvement in the nascent sector.
Morgan Stanley Plans ‘Safe’ Crypto Expansion
Morgan Stanley CEO Ted Pick announced plans to collaborate with U.S. regulators to offer crypto services “safely.” Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Pick stated, “For us, the question is whether a highly regulated financial institution can act as a major transactor.”
Morgan Stanley’s previous crypto ventures included Bitcoin funds for wealthy clients in 2021 and Bitcoin ETFs last year. With Bitcoin now trading at $105,700, Pick emphasized the growing importance of regulated crypto involvement, saying, “Time is the friend of crypto; the longer it trades, perception becomes reality.”
Goldman Sachs Eyes Physical Bitcoin Ownership
Goldman Sachs CEO David Solomon expressed optimism about the Trump administration’s pro-crypto stance. Solomon criticized previous restrictions that barred banks from owning Bitcoin. He stated, “At the moment, we can’t own Bitcoin. If the world changes, we’ll have that discussion.”
The shift in regulatory policy could enable Goldman Sachs to lead in Bitcoin adoption, given its history of exploring crypto-related financial products.
Bank of America Prepares for Widespread Adoption
Bank of America CEO Brian Moynihan revealed his bank’s readiness to embrace crypto if clear rules emerge. He noted that blockchain technology could serve as a transformative payment method.
“If the rules come in and make it a real thing, the banking system will come in hard,” Moynihan said. The bank reportedly holds hundreds of blockchain patents in anticipation of regulatory clarity.
Crypto Markets Surge on Pro-Crypto Sentiment
Bitcoin and Ethereum prices surged following Trump’s executive order and WEF speeches. Analysts predict Bitcoin could reach $200,000 and Ethereum $10,000 by 2025.
BlackRock CEO Larry Fink also urged the SEC to approve tokenization, predicting a shift that could push Bitcoin prices beyond $600,000 if sovereign wealth funds allocate even 5% to crypto.
Robin Vince, CEO of BNY Mellon, affirmed the transformative potential of digital assets. “Blockchain represents an innovative technology that could shape the financial system for decades to come,” he said.
Trump’s policy, combined with bullish institutional sentiment, signals a historic turning point for crypto adoption in traditional finance.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
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