Should banks legitimize crypto?

With the rapid growth and widespread adoption of cryptocurrencies, the question of whether banks should legitimize crypto has become increasingly pertinent. As a financial institution, banks occupy a pivotal role in the global economy, and their stance on cryptocurrencies could significantly influence its evolution. The potential for crypto to revolutionize financial transactions, increase access to financial services, and reduce costs is undeniable. However, the risks associated with crypto, such as volatility, lack of regulation, and potential for misuse, also pose challenges. Should banks embrace crypto, working to integrate it into their services and offering customers the benefits it provides? Or should they remain cautious, waiting for more stability and regulation before legitimizing crypto? What are the key considerations and trade-offs banks must weigh in making this decision?