# **Wall Street Jumps Into Crypto Amid Regulatory Ease**
Wall Street banks are showing keen interest in crypto as regulations ease. The Trump administration’s accommodative stance on digital assets has sparked a new wave of bank involvement.
The SEC has lifted accounting rules that burdened banks with stringent capital requirements for crypto holdings, paving the way for wider adoption.
Interestingly, Bank of America and Morgan Stanley have expressed readiness to adopt crypto, especially as a payment method, pending regulatory clarity.
Some banks have taken concrete steps, such as JPMorgan with JPM Coin, which facilitates $1 billion in daily transactions, and Goldman Sachs, which has set up a crypto trading desk.
The rise of decentralized finance (DeFi) is also pushing banks to innovate and offer alternative financial services. They are competing with big firms in crypto to meet growing customer demand.
-# Image Source: Reuters
