Morgan Stanley exec says US banks will hold BTC, pending Fed and Basel rules

Amy Oldenburg, head of digital asset strategy at Morgan Stanley, stated that U.S. banks will eventually incorporate Bitcoin onto their balance sheets, CoinDesk reported. Speaking at a Bitcoin conference in Las Vegas, she noted that for large banks like Morgan Stanley to hold BTC, they would need approvals from the Federal Reserve (Fed), compliance with Basel regulations, and clearance from multiple global regulators. Oldenburg added that the recent regulatory environment is becoming more favorable for expanding digital asset businesses. She pointed to MSBT, the first Bitcoin-backed exchange-traded product (ETP) from a U.S.-chartered bank, which attracted over $100 million within its first six days of launch, highlighting that these funds came entirely from self-directed investors.