Morgan Stanley CEO Signals Crypto Move In Partnership With US Regulators

The recent appointment of Ted Pick as CEO of Morgan Stanley has sparked fresh discussions in the finance sector on his openness to exploring crypto. The banking giant is giving serious thought to getting into the digital currency industry, which shows that traditional finance is starting to see digital assets differently. Pick pointed out in a recent appearance to the World Economic Forum in Davos the bank’s dedication to cooperation with US authorities. Any venture into cryptocurrency, he underlined, should be handled carefully and in line with current laws. “For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Pick said during a CNBC interview with Andrew Ross Sorkin. Morgan Stanley has long cooperated with regulators to ensure compliance and stability in its operations.