๐จ BREAKING: Crypto is Becoming The Bank ๐จ
The U.S. Office of the Comptroller of the Currency (OCC) has officially announced that digital asset firms can now seek National Bank Charters.
The OCC has granted conditional approval to 5 major crypto firms to become Federally Chartered National Trust Banks:
โ Ripple National Trust Bank
โ First National Digital Currency Bank (Circle)
โ BitGo Bank & Trust
โ Fidelity Digital Assets
โ Paxos Trust Company
OCC Comptroller said: โNew entrants into the federal banking sector are good for consumers, the banking industry and the economy.โ
What does this mean?
This is not just a license. This means crypto firms will now be supervised like national banks, operating alongside 60 other national trust banks that hold over $17 Trillion in assets.
Crypto is no longer outside the banking system. It IS the banking system now.
Bullish for XRP, BTC, and the entire market?#occsaysdigitalfirmscanseeknationalbankstatus
The U.S. Office of the Comptroller of the Currency (OCC) has officially announced that digital asset firms can now seek National Bank Charters.
The OCC has granted conditional approval to 5 major crypto firms to become Federally Chartered National Trust Banks:
โ Ripple National Trust Bank
โ First National Digital Currency Bank (Circle)
โ BitGo Bank & Trust
โ Fidelity Digital Assets
โ Paxos Trust Company
OCC Comptroller said: โNew entrants into the federal banking sector are good for consumers, the banking industry and the economy.โ
What does this mean?
This is not just a license. This means crypto firms will now be supervised like national banks, operating alongside 60 other national trust banks that hold over $17 Trillion in assets.
Crypto is no longer outside the banking system. It IS the banking system now.
Bullish for XRP, BTC, and the entire market?#occsaysdigitalfirmscanseeknationalbankstatus