Morgan Stanley's Bold Move into Cryptocurrency: What It Means for the Market

Regulations

Morgan Stanley CEO Ted Pick announced that his bank will collaborate with U.S. regulators to explore deeper involvement in the cryptocurrency markets. This comes as the acting head of the Securities and Exchange Commission (SEC) has initiated efforts to create a regulatory framework for this emerging asset class. Read more from CNBC.

A Warning

Experts caution that U.S. companies scaling back their workplace diversity initiatives to evade scrutiny from the Trump administration may face increased risks of discrimination lawsuits. This week, President Trump issued an executive order aimed at dismantling diversity, equity, and inclusion programs, suggesting private companies should follow suit. Read more from Reuters.

Pressuring the Fed

President Trump has stated his intention to pressure the Federal Reserve to lower interest rates “immediately.” This declaration, made at the World Economic Forum in Davos, Switzerland, reignites the debate over the independence of the U.S. central bank. Trump emphasized that he would “demand” lower rates from the Fed, despite its traditionally independent status. Read more from The Washington Post.