Morgan Stanley, a banking giant, is reportedly planning to introduce cryptocurrencies on its E*Trade investment brokerage and trading platform, as per a May 1 Bloomberg report. The firm aims to list crypto assets on E*Trade by 2026, and discussions about cryptocurrency support began internally in late 2024. The bank is exploring partnerships with established crypto firms for this service. This move will not be the first exposure of Morgan Stanley to digital assets, as its wealthiest clients have had access to crypto exchange-traded funds (ETFs) and futures since August 2024. The regulatory environment in the United States has become increasingly favorable for cryptocurrencies, following the election of President Donald Trump, who supports the crypto industry. The SEC has also shown a positive stance towards cryptocurrencies, pausing multiple enforcement cases with imminent deadlines. Concerns have been raised about potential conflicts of interest due to Trump’s involvement in the crypto industry. Senator Elizabeth Warren and Senator Jon Ossoff have both expressed concerns over Trump’s actions related to cryptocurrencies. Overall, the crypto industry in the U.S. is optimistic about future developments.