{"id":24900,"date":"2025-05-02T13:32:17","date_gmt":"2025-05-02T13:32:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24900"},"modified":"2025-05-02T13:32:17","modified_gmt":"2025-05-02T13:32:17","slug":"morgan-stanley-to-launch-crypto-trading-are-banks-paying-heed-to-eric-trumps-warning","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24900","title":{"rendered":"Morgan Stanley To Launch Crypto Trading: Are Banks Paying Heed To Eric Trump\u2019s Warning?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">On 1 May 2025, Morgan Stanley revealed its plan to launch crypto trading through its E-Trade platform. According to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-01\/morgan-stanley-plans-to-offer-crypto-trading-to-e-trade-clients?srnd=homepage-americas\" target=\"_blank\" rel=\"nofollow\">Bloomberg report,<\/a> one of the most substantial banks -Morgan Stanley- plans to launch the crypto services in 2026. However, the project is in its nascent stage for now.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Morgan Stanley is considering partnering with one or multiple established crypto firms as it sets up the mechanics for the brokerage\u2019s clients to buy and sell popular tokens, including Bitcoin and Ether.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the move comes as Eric Trump, Executive Vice President of the Trump organization and, of course, the son of US President Donald Trump, issued a warning of extinction to traditional banks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The financial landscape, specifically traditional banking, is going through a seismic shift, with digital assets and decentralized finance (DeFi) gaining trust among users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Eric Trump has chosen a side. \u201cThere\u2019s nothing that can be done on blockchain that can\u2019t be done better than the way that the current financial institutions are working,\u201d he said. \u201cThe modern financial system is broken, it\u2019s slow, it\u2019s expensive.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">JUST IN: Eric Trump there&#8217;s not a single thing that banks do that can&#8217;t be done better, cheaper, more efficiently, and faster on the blockchain.<\/p>\n<p>Sounds like he&#8217;s talking about <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$XRP<\/a>. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f440.png\" alt=\"\ud83d\udc40\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/Wj0m6oNZhy\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Wj0m6oNZhy<\/a><\/p>\n<p>\u2014 Brett (@Brett_Crypto_X) <a href=\"https:\/\/twitter.com\/Brett_Crypto_X\/status\/1907680023999365424?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">April 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2 class=\"ArticleHeader-headline\">If Banks Don\u2019t Watch What\u2019s Coming, They\u2019ll Be Extinct In 10 Years \u2013 Eric Trump<\/h2>\n<p><span style=\"font-weight: 400\">Speaking to<a href=\"https:\/\/www.cnbc.com\/2025\/04\/30\/eric-trump-if-banks-dont-watch-whats-coming-theyll-be-extinct-in-ten-years-.html\" target=\"_blank\" rel=\"nofollow\"> CNBC<\/a> during Token49 Dubai, Eric Trump said, \u201cWhat actually got me into cryptocurrency is the fact I realized our banking system was weaponized against the vast majority of people in our country, either the people that don\u2019t have the zeros on their balance sheet, or people who might have worn that red hat that said \u2018Make America Great Again.\u2019 And it forced me into the crypto world. And I\u2019m telling you, if the banks don\u2019t watch what\u2019s coming, they\u2019re going to be extinct in 10 years.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to him, decentralized finance offers a superior alternative. <\/span>\u201cYou can open up a DeFi app right now, you can open up any cryptocurrency app, and you can send money, wallet to wallet, instantaneously, without the expense, without the variability of banks,\u201d he added.<\/p>\n<p><span style=\"font-weight: 400\">Major financial institutions are already responding. JPMorgan and Goldman Sachs have both launched blockchain networks and crypto trading desks, seeking to adapt to the new reality. Conversely, crypto institutions are vying for US banking licenses now.\u00a0<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/circle-bitgo-coinbase-paxos-go-for-us-banking-licenses\/\">Circle, BitGo, Coinbase, Paxos Go For US Banking Licenses <\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">Circle, BitGo, Coinbase, Paxos Go For US Banking Licenses<\/h2>\n<p>Major crypto companies, such as Circle, Coinbase, BitGo, and Paxos, are preparing to apply for banking licenses in the US.<\/p>\n<p>The companies are currently pursuing various types of banking licenses. It mostly depends on their specific business models. While some are seeking national trust or industrial bank charters, which would allow them to operate with capabilities similar to traditional banking institutions, others are focusing on more specialized licenses that would primarily enable stablecoin issuance and custody services.<\/p>\n<p>\u201cThis represents a natural evolution for the crypto industry,\u201d explains cryptocurrency analyst Sarah Johnson. \u201cAs these platforms mature and seek to serve a broader customer base, banking licenses provide the regulatory framework and customer protections needed to operate at scale within the existing financial ecosystem.\u201d<\/p>\n<p>So, who called this? Both Sygnum Bank CEO and Ripple President predicted that crypto companies would go for banking licenses sooner rather than later. They also predicted that US banks will eventually compete to offer crypto services.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Morgan Stanley\u2019s decision follows a wave of regulatory rollbacks under the Trump administration, which has taken a more lenient approach to crypto enforcement and signaled support for innovation in digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Eric Trump\u2019s warnings reflect a broader trend: the rapid ascent of DeFi platforms and digital currencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/morgan-stanley-to-launch-crypto-trading-are-banks-paying-heed-to-eric-trumps-warning\/\">Morgan Stanley To Launch Crypto Trading: Are Banks Paying Heed To Eric Trump\u2019s Warning?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 1 May 2025, Morgan Stanley revealed its plan to launch crypto trading through its E-Trade 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 in its nascent stage for now.\u00a0 Furthermore, Morgan Stanley is considering partnering with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24900","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24900"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24900\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}