Morgan Stanley CEO: Working with the Treasury 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 regulators to explore offering cryptocurrency trading services. Regarding phenomena such as TRUMP coins in the market, Pick said that this reflects the different ways in which market liquidity manifests, and the broader question is whether these have matured and whether crypto assets have reached "escape velocity".
Time is the best friend, Pick stressed, and the longer a transaction lasts, the more likely it is that perception will become reality. As the highly regulated Financial Institutions Group, Morgan Stanley will work with the Treasury and regulators to explore how to conduct cryptocurrency business in a safe manner.