Reuters: Major American banks cautiously venture into the Crypto Assets sector

According to Reuters, large U.S. banks are in internal discussions about expanding their cryptocurrency business, but they will adopt a cautious strategy initially. JPMorgan Chase CEO Jamie Dimon maintained his critical stance on cryptocurrencies but said he would allow customers to buy them, according to people familiar with the matter. Bank of America considers issuing stablecoins; Morgan Stanley explores the addition of cryptocurrencies to electronic trading platforms. Banks are looking forward to clearer anti-money laundering regulatory guidance, with most planning to enter custody by partnering with incumbent crypto firms, industry executives noted. The Trump administration's recent policy shift has paved the way for banks to engage in crypto custody, stablecoins, and more, but banking regulators have yet to join the task force led by new crypto czar David Sacks.