PANews reported on January 23 that according to CNBC, Morgan Stanley CEO Ted Pick said at the World Economic Forum in Davos that the bank will work with the U.S. Treasury and other regulators to explore the possibility of safely providing cryptocurrency services. He pointed out that as a highly regulated financial institution, the core issue is whether it can participate in cryptocurrency transactions with a legal identity.

Morgan Stanley is one of the first large U.S. banks to enter the cryptocurrency market. It began offering Bitcoin funds to wealthy clients in 2021 and launched a Bitcoin ETF in 2024. However, due to regulatory restrictions during the Biden administration, banks cannot directly hold physical Bitcoin assets and can only engage in Bitcoin derivatives trading.

Pick believes that the long-term survival of cryptocurrencies such as Bitcoin and their ability to cope with market fluctuations may prove their value, and time will be a friend of cryptocurrency growth. As the Trump administration pushes for the introduction of a regulatory framework for cryptocurrencies, traditional financial institutions including Morgan Stanley and Bank of America may further participate in this field.