US banks tiptoe toward cryptocurrencies as regulatory signals shift in their favor. While still cautious, major Wall Street institutions are planning small steps into the crypto space through pilot programs, partnerships, or limited trading activities.

According to industry insiders, most banks are still hesitant to move fast. They fear sudden regulatory changes could create legal trouble. But if one large bank successfully moves forward, others will likely follow with their own crypto pilot programs.

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US banks tiptoe: US Banks Crypto Expansion Plans Remain Cautious

Big names like JPMorgan Chase, Bank of America, and Morgan Stanley are quietly exploring cryptocurrency-related services. However, they remain cautious due to uncertain crypto policies.

JPMorgan CEO Jamie Dimon has clearly said the bank will avoid major crypto custody services, even if regulations ease. Others, like Morgan Stanley, are more open. They are studying crypto transaction roles and e-trade crypto additions.

Meanwhile, Charles Schwab CEO Rick Wurster said regulators’ signals are “pretty green” and reinforced the firm’s crypto ambitions. Schwab could offer spot trading within a year.

US Banks Face Crypto Rules and Risks

Most US banks tiptoe into crypto custody through partnerships with existing crypto companies. These services offer growth potential but bring risks and low margins. That’s why banks demand clear anti-money laundering and compliance rules before expansion.

Bankers also want consistent guidelines from both banking and market regulators. Without unified rules, full-scale crypto business remains uncertain.

According to law expert Matthew Biben, “Despite improved regulatory tone, AML and compliance worries still slow down progress.”

US Banks Explore Stablecoin and Crypto Lending Futures

Several banks, including Bank of America, are exploring launching stablecoins. A few others are discussing a joint stablecoin project in early stages. Still, the lack of banking representation in crypto policy groups—like David Sacks’ task force—raises concerns.

Executives say that without a defined regulatory structure like traditional banking, crypto remains a grey area. Until rules clarify what banks can and cannot do, deeper crypto adoption will stay limited.

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