Morgan Stanley is the latest bank large to show interest in the crypto market after its CEO said in a Tuesday meeting that it would work with regulators to strengthen its role in the area.  

The bank’s CEO and Chairman Ted Pick said in a meeting that there was a lot of cash in the area following Donald Trump’s image gold launch next year.  

And he added that the lender may work with authorities to see how they could give crypto properly.  

“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors, ” he said. “We’ll been working with the Treasury and the other officials to figure out how we can present that in a healthy manner. ”

President Donald Trump pledged during his campaign to help the online resource room after Democrat ex-President Joe Biden’s management cracked down difficult on the market.  

Ahead of the new Republican commander in chief ’s opening on Monday, the President dubiously launched a joke gift on Solana, which trades as TRUMP. The asset quickly shot up in value before dipping hard, and now has a market cap of$ 7. 5 billion.  

Meme coins and tokens are electronic goods based on superstars, Internet jokes, memes, and lifestyle. They are known to have little energy and are usually very dangerous.

Morgan Stanley last month gave the green light to its financial officials to promote the new Bitcoin ETFs to consumers, and again in 2021 offered rich users access to Bitcoin money.  

Pick’s comments came soon after the Bank of America CEO Brian Moynihan said that he was open to using cryptocurrency for payments if regulators clarify the rules.

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