Crypto.com has received conditional approval for a national trust bank charter from the Office of the Comptroller of the Currency, allowing them to become a federally regulated custodian. This comes as the U.S. takes a more crypto-friendly stance under President Trump, with regulators easing restrictions. The charter would enable Crypto.com to manage and hold client assets within a federally regulated structure, but not accept cash deposits or issue loans. Once fully approved, the company will operate as a federally regulated national trust bank under OCC oversight. Analysts believe this charter is crucial for crypto-native companies to attract institutional clients and integrate with the traditional financial system. Founded in 2016, Crypto.com is a popular digital assets exchange listing over 400 tokens on its platform.

Read more at Yahoo Finance: Crypto.com gets conditional US approval for national trust bank charter