00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wall Street is showing renewed optimism for cryptocurrency under President Donald Trump's
00:06pro-crypto agenda. Trump shifted from being a crypto skeptic in his first term to embracing
00:11the industry during his 2024 campaign, relying on its financial support to defeat Kamala Harris.
00:17President Trump issued an executive order emphasizing the protection and promotion
00:21of digital assets to support cryptocurrency use and development. Banks have been hesitant
00:26to adopt crypto largely due to regulatory constraints. Morgan Stanley CEO Ted Pick
00:31slated that the bank's cryptocurrency involvement depends on regulatory clarity
00:36and plans to work with federal regulators to offer safe crypto services.
00:40For all things money, visit Benzinga.com.
