Morgan Stanley’s head of digital asset strategy, Amy Oldenburg, has refuted claims that Wall Street is only now embracing crypto due to fear of missing out. She argued that large banks are working on internal improvements to their financial infrastructure. This comes as major U.S. banks, long seen as cautious or late to crypto, expand beyond limited offerings. For example, Morgan Stanley has offered wealthy clients access to bitcoin BTC $ 69,946.08 and, more recently, launched its own spot bitcoin exchange-traded funds (ETFs) on its E*Trade platform. Oldenburg also highlighted a gap between crypto startups and large institutions, highlighting the need for coordination across the financial system.