Crypto.com's Bank Charter Quest: Blurring Lines in Finance
Update: 2025-10-24
Description
Crypto.com chases a national trust bank charter, joining Circle and Coinbase in a bid for federal approval, aiming to boost credibility and secure crypto custody. The move follows the OCC's green light for banks to handle crypto, with Erebor already snagging a conditional charter. Meanwhile, the Fed explores skinny master accounts to integrate crypto firms, as Crypto.com relaunches its institutional exchange amid regulatory optimism, despite some setbacks. The race for legitimacy signals a blurring line between traditional banking and crypto, potentially reshaping the financial landscape.
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