President Trump Transform on encrypted currencies It takes them more to the main current, where two pioneering charges are now planning in Wall Street in Wall Street to present a wide range of customers to digital assets.
Morgan Stanley is preparing to allow customers to trade Bitcoin and ETHER – two of the most popular symbols – through the e*trading platform that begins next year, Bloomberg reports. The mediation company’s competitor, Charles Schwab Corp, said on Thursday that it had similar plans.
Morgan Stanley has offered the trading of encryption to wealthy customers through traded investment funds and derivatives, but its new plan will allow ordinary investors to buy and sell digital assets directly.
This will be a major transformation from previous years, when banks restrict their relationship with Crypto or completely avoid them.
Curd critics say it is very unorganized, volatile and vulnerable Security and fraud cases To be safe for users. In 2023, American banking organizations warned traditional financial institutions of “the main risks associated with encrypted couples”.
“The version of the encrypted shelves or its adherence to it as Crypto-Seets is released, stored or transferred on an open, public and/or central network, or a similar system that is likely to contradict safe and sound banking practices.”
The Federal Reserve said that the three organizers withdrew the guidance last week, in part to “support innovation in the banking system.”
Even Trump was skeptical during his first term. “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, whose value is very volatile and depends on the slim air.” Posted on X In 2019.
He changed the path during the 2024 campaign, accepting donations from industry, and selling Digital trading cards And the pledge to make America “the planet’s encryption capital.”
Since he took office in January, a campaign was reflected in the Biden era on the industry and established his encryption work.
Federal agencies in charge of investigation of encryption companies and entry into force, issues against higher encryption companies including Coinbase, Ripple and others It was dropped.
Trump has been refined Mimi currencies It is included and his wife Melania, he was promoted Make encryption with his childrenThe United States suggestedStrategic coding reserves“I released Executive order Crypto support, created a work team to prepare an organizational framework and set a CheckPer lawyer As head of the organizational agency that supervises the industry.
Trump Media and Technology Looking to provide money circulating in Bitcoin exchange as part of Truth.fi, the new financial services company. Thursday , The New York Times reported The fund supported by Abu Dhabi will make a $ 2 billion commercial deal using digital currencies from the separate Trump family.
On Wednesday, Trump’s son, Trump’s CEO, told CNBC that the traditional banking system is “old” – an opinion that many share in the encryption community.
“I tell you,” Eric Trump said at CNBC.
Read more
About encrypted currency
