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2025-01-23 16:49:00
Morgan Stanley (MS) is determining the way it can act as a transactor within the crypto market, CEO Ted Choose mentioned.
The financial institution, which has some $1.6 trillion of belongings underneath administration, will work with the U.S. Treasury and different regulators to determine the way it can supply crypto in a protected means, Choose mentioned in an interview with CNBC on the World Financial Discussion board in Davos, Switzerland on Thursday.
“For us, the equation is admittedly round whether or not we, as a highly-regulated monetary establishment, can act as transactors,” he mentioned.
Choose had been requested about his views on cryptocurrency within the U.S. underneath the supposedly pro-crypto presidency of Donald Trump.
He described how Morgan Stanley is assessing whether or not the crypto business has come of age as an asset class.
“I believe there may be liquidity and that liquidity will specific itself in every kind of various methods,” Choose mentioned in an obvious reference to the supply of crypto exchange-traded funds (ETFs) within the U.S.
U.S. spot bitcoin (BTC) ETFs now maintain a mixed $39 billion value of the biggest cryptocurrency and first began buying and selling in early January final yr.
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