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Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto

1. Morgan Stanley plans to collaborate with U.S. regulators on crypto involvement. 2. CEO Ted Pick emphasizes regulated participation in cryptocurrency markets. 3. Morgan Stanley was the first U.S. bank to offer bitcoin funds in 2021. 4. Current regulations limit banks' ability to hold physical bitcoin assets. 5. Broader acceptance of crypto may depend on regulatory clarity and market maturity.

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FAQ

Why Bullish?

Morgan Stanley's proactive stance may indicate strong future growth, similar to bitcoin fund success.

How important is it?

The article provides insights on future crypto initiatives which could impact MS's market position.

Why Long Term?

Any regulatory changes would take time, affecting long-term strategy and positioning.

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