The US Office of the Comptroller of the Currency has approved five crypto firms, including Circle and Ripple, to launch national trust banks, streamlining regulations and removing intermediaries in the crypto sector. The move marks a significant step by the Trump administration to integrate crypto into the regulated banking system.

These trust charters allow digital-asset companies to operate under a single federal rulebook, giving them 18 months to raise capital, build infrastructure, and face a final exam from the OCC. Paxos, BitGo, Fidelity Digital Assets, and Ripple are among the firms approved, with Paxos explicitly permitted to issue stablecoins under federal oversight.

The OCC’s approval of national trust banks for crypto firms aims to bring clarity and boost client confidence in custody and settlement services. Stablecoin issuers see federal oversight as a way to assure partners and differentiate from lightly regulated competitors. The move reflects the evolution of finance and the push for broader legitimacy in Washington for the crypto industry.

In related news, the digital asset space has witnessed notable public listings in 2025, with tZero Group, BitGo, Circle, Etoro, Gemini, and Figure Technology Solutions Inc. making significant moves towards IPOs or listing on US stock exchanges. Ripple, however, has stated it has no plans for an IPO, highlighting the diversity of approaches in the crypto sector.

Read more at Yahoo Finance: OCC Clears Circle, Ripple and Others to Launch Crypto National Banks