Morgan Stanley (NASDAQ:MSPQ) CEO Ted Pick sees the recent launches of presidential meme coins as a result of substantial liquidity in the cryptocurrency ecosystem.
What Happened: During a CNBC Squawk Box interview on Thursday, Pick was questioned about meme coins and digital currencies under the new Trump administration, including the recently launched Trump (CRYPTO: TRUMP) and Melania (CRYPTO: MELANIA) coins.
He acknowledged the substantial liquidity in these markets, stating, “Liquidity expresses itself in all kinds of different ways.”
On the broader topic, Pick commented, “The question is …
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