The Office of the Comptroller of the Currency (OCC) of the United States has conditionally approved national trust bank licenses for five institutions: Circle, Ripple, BitGo, DigitalAssets, and Paxos.
This move by the OCC represents a significant shift in the stance of U.S. regulators towards the cryptocurrency industry, moving from strict crackdowns to embrace and regulation.
The cryptocurrency industry has gained the identity certification of traditional financial institutions, becoming the 'regular army' of the financial system, accelerating the integration with traditional finance, which is of great significance for the development of the cryptocurrency industry.
