Bank of America CEO Brian Moynihan has indicated that banks are poised to engage with cryptocurrency once regulatory frameworks are established to ensure verified, non-anonymous transactions. Moynihan emphasized that banks are not opposed to crypto; rather, they are awaiting clearer regulations that would allow them to safely offer crypto-related services. Recent developments from regulators suggest a more favorable environment for banks to hold crypto assets on behalf of their customers without incurring punitive penalties. This shift could enable banks to expand their offerings in the crypto space, potentially leading to increased customer engagement and revenue opportunities. Analysts note that the institutional landscape for cryptocurrency is evolving, with banks ready to capitalize on the new business line that crypto presents.