By Wall Street giants are finally preparing to join the cryptocurrency world, thanks to Donald Trump’s relentless push to bolster the digital assets sector, especially after the latest executive order.
According to CNBC, top financial CEOs are warming up for crypto – a massive shift from a segment that previously ignored Bitcoin and other digital assets.
Just days into President Donald Trump’s second administration, Wall Street is singing a different tune on crypto.
“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Morgan Stanley CEO Ted Pick told CNBC on…
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The latest executive order removed regulatory hurdles for crypto, positioning digital assets such as iDEGEN for impressive growth in the upcoming sessions.
Unclear regulations have dented the crypto market over the past years.
However, this could be over with Trump’s executive order prioritizing “promoting and protecting” cryptocurrency development and usage.
iDEGEN is a new AI crypto asset that went viral over the past few weeks, with its lucrative presale raising over $18 million (so far).
The project leverages artificial intelligence and crypto enthusiasts on X (Crypto Twitter) to learn and respond to each tweet.
Its unique approach and dynamic pricing model have earned over 21,330 holders more than 13,100% in profits since launching a few weeks ago.
Let’s explore the changing crypto market landscape in the United States and what to expect from the early-stage iDEGEN in the upcoming sessions and months.
Trump clears regulatory challenges for crypto
The new policies are addressing challenges that have frustrated crypto enthusiasts.
Many have complained about the SEC’s SAB 121 accounting rule in 2022, which demanded banks classify crypto as liabilities.
The rule prohibited financial institutions from offering cryptocurrency custody services by introducing stiff capital requirements.
However, the latest invezz updates show the agency withdrew SAB 121.
That has removed one of the main challenges for financial institutions interested in crypto.
BREAKING: 🇺🇸 SEC repeals SAB 121, paving the way for banks to provide #Bitcoin custody services.
This is a game-changer.
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Wall Street executives join the crypto bandwagon
Wall Street CEOs confirmed their positive stances on crypto during the recent World Economic Forum (WEF) in Davos, Switzerland.
Morgan Stanley’s Ted Pick confirmed that his firm will cooperate with the Treasury and other authorities to determine ways to offer crypto services safely.
The financial giant has heralded crypto developments over the past years, often extending boundaries before its peers.
Morgan Stanley shocked the financial sector after becoming the first US bank to offer its customers access to BTC funds in 2021.
As of 2024, the institution has permitted its advisors to promote Bitcoin exchange-traded funds (ETFs) to clients.
Also, Bank of America chief Brian Moynihan welcomed the crypto changes looking to boost crypto in the US.
Regulatory clarity getting all the banks excited for crypto
Brian Moynihan, BofA CEO “If the rules come in and make it a real thing that you can actually do business with, you’ll find the banking system will come in hard on the transactional side of it,”
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While refraining from endorsing digital tokens as investment assets, Moynihan compared crypto’s payment utility to Apple Pay or Visa.
IDGN presale ends in 30 days
The ongoing US regulatory transformations appear timing for iDEGEN and its projected growth in the upcoming months.
The AI project will close its multi-million ICO on February 26 before debuting on cryptocurrency exchanges the following day.
Friendly crypto regulations, AI capabilities, and the expected 2025 bull run position IDGN for immense gains.
iDEGEN trades at $0.038, offering a lucrative discount for enthusiasts before targeting levels above $1 after exchange listings starting February 27.
You can learn more about iDEGEN (IDGN) here.
The post iDEGEN price forecast as Wall Street CEOs join Trump’s pro-crypto agenda appeared first on Invezz
