Morgan Stanley, the largest U.S. wealth manager, may face intense regulatory scrutiny after allowing its 15,000 financial advisers to recommend spot Bitcoin ETFs, warns former SEC official John Reed Stark. Stark cautioned that this decision could trigger one of the largest SEC and FINRA examination sweeps in history, giving regulators easy access to compliance records. He criticized the move as a "death wish" for Morgan Stanley, which is endorsing Bitcoin ETFs from BlackRock and Fidelity. Despite the warnings, the crypto industry sees this as a major development, with expectations of significant inflows into Bitcoin ETFs. Source: Cointelegraph
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