Why crypto companies are rushing for bank charters | Crypto Craft

  • Why crypto companies are rushing for bank charters

    From axios.com

    Multiple crypto companies have applied for national bank charters, with more expected on the way. Why it matters: Crypto companies are increasingly laying the plumbing for potentially huge new business lines as Washington readies new rules and regulations. Driving the news: The stablecoin company Circle, fresh off its $18 billion IPO, confirmed on Monday that it had applied with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. •The cryptocurrency firm Ripple announced Wednesday that it too had also applied for a national banking ... (full story)

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Trader#36A8
Jul 3, 2025 8:07pm
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it's for self-preservation mostly. with them becoming banks crypto opponents like senator warren wouldn't be able to ban them. these guys have no sense of irony. they have become anathema to the crypto principles and raison d'etre. picturing it, i am shick to my shtomach and have to retire all the way to zinzinnati to compose and gather my thought
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