Reuters: Major US Banks Cautiously Enter the Cryptocurrency Sector

According to a report by Jinse Finance, major U.S. banks are internally discussing the expansion of cryptocurrency business, but will initially adopt a cautious strategy. Insiders revealed that while JPMorgan Chase CEO Jamie Dimon maintains a critical stance on cryptocurrencies, he stated that customers will be allowed to purchase them; Bank of America is considering issuing a stablecoin; Morgan Stanley is exploring adding cryptocurrencies to its electronic trading platform. Industry executives pointed out that banks are looking forward to clearer anti-money laundering regulatory guidelines, with most institutions planning to enter the custody business through partnerships with existing crypto companies. Recent policy shifts by the Trump administration have paved the way for banks to engage in crypto custody, stablecoin, and other activities, but banking regulators have not yet joined the task force led by the new crypto czar David Sacks.