PANews reported on February 11 that according to Bloomberg, Wall Street giants such as Morgan Stanley, Bank of America, and Royal Bank of Canada (RBC) are actively deploying in the cryptocurrency industry, and it is expected that the Trump administration’s pro-crypto policy will drive a surge in IPOs, stock issuances, and convertible bond transactions.

• Morgan Stanley plans to bid on upcoming crypto IPOs

• Bank of America's investment banking division is discussing increasing financing support for digital asset companies

• RBC plans to expand its business, having already facilitated its first crypto transaction by the end of 2024

Currently, crypto companies including Gemini (supported by the Winklevoss brothers), Bullish (invested by Peter Thiel), Circle, and Kraken are preparing for IPOs. At the same time, the record high price of Bitcoin has also boosted the market's optimism about the crypto industry.

Since Trump took office, the SEC has set up a crypto regulatory working group and is considering setting up a national Bitcoin reserve. Analysts believe that crypto IPOs that have been postponed due to regulatory pressure in the past few years may be restarted, attracting banks to compete to enter the field.