On May 1, 2025, Morgan Stanley revealed his plan to launch Crypto Trading through his e-trade platform. According to a Bloomberg report, one of the most substantial banks – Morgan Stanley – plans to launch cryptocurrency services in 2026. However, for now the project is in the nascent phase.
In addition, Morgan Stanley is taking into consideration the collaboration with one or more affirmed cryptocurrency companies as it creates the mechanics for the clients of the brokerage to buy and sell popular token, including Bitcoin and Ether.
In particular, the move arrives when Eric Trump, executive vice -president of the Trump organization and, of course, the son of the President of the United States Donald Trump, issued an extinction warning to traditional banks.
The financial landscape, in particular the traditional banking sector, is going through a seismic change, with digital activities and decentralized finance (Defi) that gains confidence between users.
Eric Trump chose one side. “There is nothing that can be done on the blockchain that cannot be done better than the way the current financial institutions are working,” he said. “The modern financial system is broken, it is slow, expensive.”
Just in: Eric Trump there is not only one thing that banks make that they cannot be done better, cheaper, more efficiently and faster on the blockchain.
It seems that he is talking $ Xrp.
pic.twitter.com/wj0m6onzhy
– Brett (@brett_crypto_x) April 3, 2025
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If the banks do not look at what is coming, they will extinct in 10 years – Eric Trump
Speaking with the CNBC during Token49 Dubai, Eric Trump said: “What actually brought me into cryptocurrency is the fact that I understood that our banking system was armed against the vast majority of people in our country, or people who do not have zeros on their budget or the people who may have worn that red hat that has made again in America. And he forced me into the world of cryptocurrencies.
According to him, decentralized finance offers a higher alternative. “You can open a Defi app right now, you can open any cryptocurrency app and you can send money, wallet wallet, instantly, without spending, without the variability of the banks,” he added.
The main financial institutions are already responding. JPMorgan and Goldman Sachs both launched blockchain networks and cryptocurrency desks, trying to adapt to the new reality. On the contrary, the crypt institutions are in the running for US banking licenses now.
Explore: Circle, Bitgo, Coinbase, Paxos go for US banking licenses
Circle, Bitgo, Coinbase, Paxos go to US banking licenses
The main cryptocurrency companies, such as Circle, Coinbase, Bitgo and Paxos, are preparing to apply for banking licenses in the United States.
The companies are currently pursuing various types of banking licenses. It mainly depends on their specific business models. While some seek trusted national charter or industrial banks, which would allow them to operate with skills similar to traditional banking institutions, others are concentrating on more specialized licenses that would mainly allow the emission and custody services of Stablecoin.
“This represents a natural evolution for the cryptocurrency industry”, explains the cryptocurrency analyst Sarah Johnson. “As these platforms mature and try to serve a wider customer base, banking licenses provide the regulatory framework and customers’ protections necessary to operate on a large scale within the existing financial ecosystem.”
So who called it? Both the CEO of Sygnum Bank and the president of Ripple have provided that the cryptographic companies would have chosen the banking licenses before rather than after. They also planned that US banks will eventually compete to offer encryption services.
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Morgan Stanley’s decision follows a wave of regulatory rollbacks under the Trump administration, which has adopted a more indulgent approach to the execution of cryptocurrencies and has reported support for innovation in digital resources.
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The warnings of Eric Trump reflect a wider trend: the rapid rise of Difi and digital currencies.
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