🎉United States 🇺🇸: Office of the Comptroller of the Currency grants Crypto.com conditional approval for a national trust bank charter

🎉United States 🇺🇸: Office of the Comptroller of the Currency grants Crypto.com conditional approval for a national trust bank charter

The Office of the Comptroller of the Currency (OCC), a bureau of the U.S. Department of the Treasury, has granted Crypto.com conditional approval to obtain a national trust bank charter.

Once finalized, the federal charter will enable the company to broaden its service offering—currently focused primarily on custody—and operate under a single, nationwide regulatory framework, rather than navigating a patchwork of state-level licenses as it does today.

➡️ Crypto.com National Trust Bank will be authorized to provide digital asset custody and staking services across multiple blockchains and protocols (including Cronos), in addition to offering transaction settlement services.

➡️ Meanwhile, Crypto.com Custody Trust Company, regulated by the New Hampshire Banking Department as a non-bank trust company with “qualified” status, will continue operating independently, as the OCC’s conditional approval does not alter its existing regulatory standing.

➡️ The approval comes amid a broader policy recalibration in the United States, where, under the administration of Donald Trump, authorities adopted a more crypto-friendly posture, rolling back previously imposed restrictions and other regulatory constraints affecting the sector.

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