Morgan Stanley CEO: Working with the Treasury Department and other regulators to explore providing cryptocurrency trading services
Morgan Stanley CEO Ted Pick revealed that the bank is working with the US Treasury and other regulatory agencies to explore offering cryptocurrency trading services. Regarding phenomena such as TRUMP coin in the market, Pick stated that this reflects the different ways in which market liquidity is expressed, and the broader question is whether these have matured and whether crypto assets have reached "escape velocity".
Pick emphasized that time is the best friend, and the longer the trading duration, the more likely the cognition will become a reality. As a heavily regulated financial institution, Morgan Stanley will work with the Treasury and regulatory agencies to explore how to conduct cryptocurrency business in a secure manner.
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