From Zacks Investment Research: 2025-05-30 11:16:00

The Donald Trump administration’s favorable stance towards cryptocurrency has opened the door for U.S. financial firms to explore crypto asset-related activities. Despite regulatory support, large firms like Bank of America, Morgan Stanley, and Charles Schwab remain cautious about crypto expansion, opting for small pilot programs and collaborations. Recent regulatory developments include SEC’s plans to overhaul cryptocurrency policies and the OCC allowing U.S. banks to manage crypto assets for clients. While financial firms are considering ventures into crypto, they seek greater clarity on regulations and AML rules before expanding into the crypto custody business.



Read more at Zacks Investment Research: US Financial Firms Mull Over Crypto Expansion, Seek Regulatory Clarity – May 30, 2025