TechFlow news, on January 24, Morgan Stanley CEO Ted Pick revealed that the firm is working with the U.S. Treasury and other regulatory agencies to explore offering cryptocurrency trading services. Regarding market phenomena such as TRUMP coin, Pick said this reflects market liquidity manifesting in different ways, and the broader question is whether these markets have matured—have crypto assets reached "escape velocity"?
Pick emphasized that time is the best friend: the longer trading continues, the more likely perception becomes reality. As a heavily regulated financial institution, Morgan Stanley will collaborate with the Treasury and regulators to explore how to conduct cryptocurrency business in a safe manner.
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