Circle, BitGo, Coinbase Pursue US Bank Charters Under Trump's Pro-Crypto Agenda

| Importance: 8/10 | Status: confirmed

Circle, Paxos, BitGo, and Coinbase are preparing to apply for national bank charters or trust bank licenses, reflecting the Trump administration’s aggressive pro-cryptocurrency stance. This move represents a significant shift in crypto firms’ strategy, seeking deeper integration with the traditional banking system by obtaining federal banking credentials.

Key Actors

Donald Trump Trump Administration Circle Internet Financial BitGo Inc. Coinbase Paxos

Tags

crypto banking trump-administration financial-regulation financial-capture

Sources (3)

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