US banks are cautiously exploring cryptocurrency markets with regulatory support.

From Yahoo Finance: 2025-05-28 06:05:00

Big U.S. banks are considering entering the cryptocurrency market with pilot programs and limited trading as regulators show support. Despite caution, banks may follow suit if initial efforts are successful. Jamie Dimon of JPMorgan Chase remains skeptical and rules out significant expansion into crypto. President Trump aims to be the “crypto president.”

Regulators under Trump are signaling more bank-friendly crypto policies, encouraging banks to explore custody businesses through partnerships. Charles Schwab plans to offer spot crypto trading soon. Bank of America and Morgan Stanley are also exploring crypto-related services, while large banks discuss issuing a joint stablecoin. Banks seek more clarity on regulations before diving deeper into crypto.



Read more at Yahoo Finance: US banks tiptoe toward crypto, awaiting more green light from regulators