Morgan Stanley to launch Crypto Trading: Banks pay attention to the warning of Eric Trump?

On May 1, 2025, Morgan Stanley revealed its cryptographic trading launch plan via its electronic commerce platform. According to a Bloomberg report, one of the most substantial banks – Morgan Stanley – plans to launch the Crypto services in 2026. However, the project is at its nascent stage for the moment.

In addition, Morgan Stanley plans to associate with one or more established cryptography companies because it sets up the mechanisms for brokerage customers to buy and sell popular tokens, including bitcoin and ether.

In particular, this decision comes as Eric Trump, executive vice-president of the Trump organization and, of course, the son of US President Donald Trump, issued an extinction warning to traditional banks.

The financial landscape, in particular traditional banking services, is going through a seismic change, with digital assets and decentralized finances (DEFI) which gain confidence among users.

Eric Trump chose one side. “There is nothing to do on blockchain that cannot be done better than the way current financial institutions work,” he said. “The modern financial system is broken, it is slow, it’s expensive.”

Just in: Eric Trump, there is not only one thing that banks do that cannot be done better, cheaper, more efficiently and faster on the blockchain.

It looks like he is talking about $ 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 happening, they will be turned off in 10 years – Eric Trump

Addressing CNBC during Token49 Dubai, Eric Trump said: “What really brought me in the cryptocurrency was the fact that I realized that our banking system was armed against the vast majority of people in our country, either people who do not have zeros in their record, or people who could have upper this red hat that said of America. ”. And it forced me in the world of cryptography.

According to him, Decentralized Finance offers a higher alternative. “You can open a DEFI application now, you can open any cryptocurrency application, and you can send money, wallet to the wallet, instantly, without spending, without the variability of banks,” he added.

The main financial institutions already react. Jpmorgan and Goldman Sachs both launched blockchain networks and crypto trading offices, trying to adapt to the new reality. Conversely, cryptographic institutions are now competing for American banking licenses.

Explore: Circle, Bitgo, Coinbase, Paxos opt for American banking licenses

Circle, Bitgo, Coinbase, Paxos opt for American banking licenses

Large Crypto companies, such as Circle, Coinbase, Bitgo and Paxos, are preparing to ask for banking licenses in the United States.

Companies are currently pursuing different types of banking licenses. It mainly depends on their specific commercial models. While some are looking for national trust or industrial banking charters, which would allow them to operate with similar capacities to traditional banking institutions, others focus on more specialized licenses that would mainly make it possible to issue emission and stable childcare services.

“This represents a natural evolution for cryptographic industry,” explains Sarah Johnson, cryptocurrency analyst. “As these platforms ripen and seek to serve a wider clientele, banking licenses provide the regulatory framework and customer protections necessary to operate on a large scale in the existing financial ecosystem.”

So who called that? The CEO and the president of Ripple de Sygnum Bank predicted that cryptographic companies would go for banking licenses as soon as possible. They also predicted that American banks will eventually contribute to offer cryptography services.

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The post Morgan Stanley to launch crypto trading: banks pay attention to the warning of Eric Trump? appeared first on 99Bitcoins.

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