On Jan. 23, U.S. President Donald Trump signed an executive order establishing a cryptocurrency working group, fulfilling his campaign promise to be a "crypto president ... promoting or implementing ...

The order signaled that the president intends to promote an industry that faced scrutiny during the Biden administration — and that he has a personal stake in.

Morgan Stanley is exploring the possibility of offering crypto to clients and is currently discussing a "safe" way to expand its services with regulators.