BoA Chief Says US Banks Ready to Adopt Crypto for Payments, Pending Regulatory Clarity
- Bank of America CEO Brian Moynihan has emphasised the bank’s preparedness for crypto integration through their extensive blockchain patents and existing digital payment infrastructure.
- While showing particular interest in dollar-backed stablecoins, Moynihan maintains that clear regulatory guidelines are necessary before banks can fully engage with cryptocurrency services.
- Despite previous crypto-related campaign promises, Trump’s initial executive orders focused on traditional policy areas such as immigration and international agreements rather than addressing cryptocurrency regulation.
According to Brian T. Moynihan, the boss of Bank of America, US banks are ready to use crypto, as long as regulators…
