Morgan Stanley Bitcoin Move Is A ‘Death Wish’: Ex-SEC Official

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Highlights

Morgan Stanley's Bitcoin move is a mistake, Ex-SEC official hints

The former regulator sees regulatory probe on 15,000 brokers linked to Morgan Stanley

The Morgan Stanley move comes amid growing adoption in the US

Ex-SEC official John Reed Stark has slammed American banking giant Morgan Stanley’s decision to grant its brokers access to Bitcoin ETF. While many proponents in the digital currency ecosystem consider the bank’s move a positive one, John Reed Stark sees it as a “death wish.”

In his recent post on X, the ex-SEC official believes the bank’s 15,000 registered brokers are now exposed to potential regulatory surveillance.


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