U.S. banks are cautiously exploring cryptocurrency operations, according to industry insiders. While skepticism persists among executives like JPMorgan’s Jamie Dimon who believes cryptocurrencies lack merit, he has affirmed customers can purchase them. Bank of America is exploring the issuance of stablecoins, and Morgan Stanley aims to integrate cryptocurrencies into its electronic trading platform. Industry executives anticipate clearer anti-money laundering regulations that would facilitate bank participation in custody services. These firms plan to partner with existing cryptocurrency companies for these ventures. Recent policy shifts by the Trump administration have paved the way for banking institutions to engage in crypto custody and stablecoin activities. However, banking regulators have yet to join the task force led by David Sacks, the newly appointed crypto czar.