Crypto companies apply for national banking licenses in America.

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  • Many cryptocurrency companies such as Circle (USDC) and Fidelity Digital Assets have applied for national bank charters from OCC.
  • Circle is proposing the establishment of the First National Digital Currency Bank, the first national digital currency bank.
  • This license allows for interstate operation without the need to apply for a separate money transfer license in each state.
  • Anchorage Digital is currently the only crypto company that has been granted this type of license.
  • Jonathan Gould, the person nominated by President Trump as Chairman of the OCC, is considered crypto-friendly but has not yet been confirmed by the Senate.
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