The primary hurdle for the banks, which serve corporate clients rather than individuals or small organizations, has been the lack of a clear regulatory framework, analysts led by Betsy Graseck wrote. Still, greater regulation may not be a panacea, as that might encourage more direct participation from institutional investors, leaving the banks still on the sidelines.
Source: https://www.coindesk.com/business/2022/04/25/morgan-stanley-says-wholesale-banks-can-thrive-in-a-more-regulated-crypto-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines