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Wall Street Ready To Dive In: CEOs Respond To Trump’s Ambitious Crypto Initiatives
Wall Street Ready To Dive In: CEOs Respond To Trump’s Ambitious Crypto Initiatives
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In a notable change of sentiment, Wall Street executives are expressing a newfound Optimism toward the crypto industry just days into President Donald Trump’s second administration. This shift is largely attributed to the 47th President’s pro-crypto agenda, which marks a stark contrast to his previous skepticism during his first term. At the World Economic Forum in Davos, Switzerland, Morgan Stanley CEO Ted Pick highlighted the bank’s interest in becoming more involved in cryptocurrency transactions. He stated, 'For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors.' Historically, banks have been cautious about engaging with crypto, largely due to regulatory uncertainty.
