Davis Polk partner David Portilla was quoted in Bloomberg discussing how banks are becoming more accepting of crypto given the current regulatory and political landscape.  

“The regulatory environment has changed 180 degrees from the Biden administration, and the interest in crypto assets has become broader and deeper in recent years,”  David noted.

“Banks are in the business of facilitating customer transactions, a bank would rather have the bank do it than someone else,” he added.

“Thank You For Smoking: Wall Street Banks Embrace Crypto” Bloomberg (December 23, 2025) (subscription required)

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