Papa - Change
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Morgan Stanley plans to offer cryptocurrency services to its clients, as stated by CEO Ted Pick in an interview with CNBC at the Davos Forum. The company is in discussions with U.S. regulators to ensure the safe provision of such services. Since August 2024, Morgan Stanley has been offering exchange-traded BTC funds and holds $188 million in these assets, despite criticism and potential scrutiny from the SEC and FINRA.

The SEC has repealed rule SAB 121, which required financial firms to account for clients' crypto assets as liabilities. This decision was supported by industry representatives and lawmakers. French Hill, Chairman of the Financial Services Committee, called the rule a mistake, while Senator Cynthia Lummis noted that it hindered the development of digital assets. Initially, the bill to repeal SAB 121 had bipartisan support, but in 2024, it was vetoed by former President Joe Biden.

Ethereum co-founder Vitalik Buterin warned about the risks of “political” tokens, which could become tools for corruption and foreign influence. He noted that such projects create an illusion of short-term profit but do not contribute to genuine wealth accumulation. Critics are considering potential lawsuits, although the legal grounds for such actions remain unclear.

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