According to ChainCatcher, large US banks are holding internal discussions on expanding their cryptocurrency businesses and will adopt a cautious strategy in the early stages. Although JPMorgan Chase CEO Jamie Dimon criticized cryptocurrencies, he said that customers would be allowed to buy them. Bank of America is considering issuing stablecoins, and Morgan Stanley is exploring adding cryptocurrencies to electronic trading platforms. Industry executives pointed out that banks are looking forward to clearer anti-money laundering regulatory guidance, and most institutions plan to enter the custody business by working with existing crypto companies. The Trump administration's recent policy shift has paved the way for banks to participate in crypto custody, stablecoins and other activities, but bank regulators have not yet joined the working group led by the new crypto czar David Sacks.