The post Crypto.com Applies For National Bank Trust Charter, Joining Ripple, Coinbase, And Stripe ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Crypto exchange Crypto.com has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight.  According to a Friday press release, the Singapore-based company aims to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients under the U.S. banking framework. “Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus since day one,” Crypto.com co-founder and CEO Kris Marszalek said in a statement. “We are excited to take this next step by filing for a national trust bank charter and look forward to continuing to pursue opportunities to provide customers with the trusted services they require.” If approved by the regulator, the charter would reinforce Crypto.com’s case as the “custody service destination of choice,” the exchange postulated. Bevy Of Crypto Firms Pursue National Bank Charter Licenses In recent months, several crypto-centric companies have also applied for banking licenses with the OCC, following a more collaborative regulatory environment for crypto under the President Donald Trump administration. Advertisement &nbsp In late June, Circle filed for a national trust license to oversee its USDC reserves under OCC oversight. Shortly after, Ripple joined the list, with its own OCC charter bid, seeking dual federal and state oversight. Paxos followed a month later, positioning itself for national rather than purely state-level licensing. Then, earlier this month, America’s biggest crypto exchange, Coinbase, announced it had applied for a National Trust Company Charter. This flurry of applications follows the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which created a new charter category for “permitted payment stablecoin issuers.” Source: https://zycrypto.com/crypto-com-applies-for-national-bank-trust-charter-joining-ripple-coinbase-and-stripe/The post Crypto.com Applies For National Bank Trust Charter, Joining Ripple, Coinbase, And Stripe ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Crypto exchange Crypto.com has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight.  According to a Friday press release, the Singapore-based company aims to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients under the U.S. banking framework. “Building the Crypto.com product and service portfolio through regulated and secure offerings has been our focus since day one,” Crypto.com co-founder and CEO Kris Marszalek said in a statement. “We are excited to take this next step by filing for a national trust bank charter and look forward to continuing to pursue opportunities to provide customers with the trusted services they require.” If approved by the regulator, the charter would reinforce Crypto.com’s case as the “custody service destination of choice,” the exchange postulated. Bevy Of Crypto Firms Pursue National Bank Charter Licenses In recent months, several crypto-centric companies have also applied for banking licenses with the OCC, following a more collaborative regulatory environment for crypto under the President Donald Trump administration. Advertisement &nbsp In late June, Circle filed for a national trust license to oversee its USDC reserves under OCC oversight. Shortly after, Ripple joined the list, with its own OCC charter bid, seeking dual federal and state oversight. Paxos followed a month later, positioning itself for national rather than purely state-level licensing. Then, earlier this month, America’s biggest crypto exchange, Coinbase, announced it had applied for a National Trust Company Charter. This flurry of applications follows the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which created a new charter category for “permitted payment stablecoin issuers.” Source: https://zycrypto.com/crypto-com-applies-for-national-bank-trust-charter-joining-ripple-coinbase-and-stripe/