Morgan Stanley Says Regulatory Clarity a Necessity for Crypto Industry

Regulatory clarity a necessity for crypto industry, says Morgan Stanley. Defining regulation for digital assets is important for the industry to grow, especially in relation to stablecoins, crypto products, institutional ownership of crypto, and the possibility of a central bank digital currency (CBDC), said the report authors. An “extended period of uncertainty” on new legislation – as government agencies such as the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and others fight for regulatory turf – would be a negative for the crypto industry, they added.