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In what is certainly a monumental development for the asset class, Bank of America CEO Brian Moynihan has said that the banking industry would embrace crypto. Indeed, speaking to CNBC, the executive noted that the industry would only require regulators to permit banks to operate within the growing cryptocurrency market. That appears closer than ever before. With Donald Trump officially inaugurated into office Monday, he brought with him a stark pro-crypto stance. Moreover, his appointment of Mark Uyeda as active chair is poised to redefine the US Securities and Exchange Commission (SEC). Specifically, overhauling its stance on cryptocurrencies. JUST IN: Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it. — Watcher.Guru (@WatcherGuru) January 21, 2025 Also Read: Donald Trump to Designate Cryptocurrency as a National Priority Bank of America CEO Says Banks Would Embrace Crypto if Regulators Allow It The start of this week is the start of a n...

Also Read: FBI Raids Home Of Kraken Ex-CEO Jesse Powell advertisement Over the recent years, Ripple had stitched partnerships with many top financial institutions like SBI Holdings, the Saudi Arabian Monetary Authority(SAMA), Banco Santander, Western Union, UAE Exchange and American Express. In a similar development, the Bank of America executives recognized Ripple’s capabilities as a cross border payments provider. Bank Of America Recognizes Ripple Payments Solution A recent report showed the Bank of America recognizing blockchain’s role in effecting real time payments in the Asia Pacific region. Venkat ES, Head of Treasury Products at the bank, noted that blockchain technology played an important role in digitizing trade documentation via smart contracts. He remarked that Ripple ’s work is a ‘possible exception’ in the payments space although it has a competition in the form of SWIFT gpi. The SWIFT gpi technology, which offers...