Crypto companies Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos have received conditional approval from the OCC to become federally chartered trust banks.
BitGo CEO Mike Belshe stated that this development "marks the official end of the crypto war and the beginning of a new era of banking innovation," adding, "We are entering an era of regulatory integration, and improvements will continue to accelerate."
Notably: BitGo is the issuer behind USD1 (USD1), which is World Liberty Financial's digital dollar token.
Since Tether is not based in the United States, it has not obtained the relevant licenses.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Crypto companies Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos have received conditional approval from the OCC to become federally chartered trust banks.
BitGo CEO Mike Belshe stated that this development "marks the official end of the crypto war and the beginning of a new era of banking innovation," adding, "We are entering an era of regulatory integration, and improvements will continue to accelerate."
Notably: BitGo is the issuer behind USD1 (USD1), which is World Liberty Financial's digital dollar token.
Since Tether is not based in the United States, it has not obtained the relevant licenses.