Bank of America CEO Says Banking Industry Will Embrace Crypto
In what is certainly a monumental development for the asset class, Bank of America CEO Brian Moynihan has said that the banking industry would embrace crypto. Indeed, speaking to CNBC, the executive noted that the industry would only require regulators to permit banks to operate within the growing cryptocurrency market.
That appears closer than ever before. With Donald Trump officially inaugurated into office Monday, he brought with him a stark pro-crypto stance. Moreover, his appointment of Mark Uyeda as active chair is poised to redefine the US Securities and Exchange Commission (SEC). Specifically, overhauling its stance on cryptocurrencies.
Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it.