A significant trend is emerging with six crypto banks, including Ripple and Circle, seeking national bank charters to operate under federal oversight. The OCC’s recent changes promote legitimacy and ease access for digital asset services, signaling a commitment to integrating crypto into mainstream finance.
The OCC’s new policy has removed previous restrictions, allowing crypto entities to engage in various activities without excessive oversight. This marks a pivotal moment for institutional acceptance of cryptocurrencies, reflecting a broader willingness within the financial sector to embrace digital assets.
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