Overview
- Big banks have begun small-scale pilot programs and partnered with digital-asset firms to trial trading and custody offerings
- Executives say firms require explicit anti-money laundering and operational rules before expanding full crypto services
- New Trump administration policies, including eased OCC and SEC directives, have opened the door to custody, stablecoin activities and ledger participation
- JPMorgan’s Jamie Dimon affirmed clients can buy bitcoin but ruled out custody or significant crypto expansion under current risks
- Charles Schwab aims to offer spot crypto trading within a year and some large banks are in early talks on a joint stablecoin issuance