5 companies operating in the cryptocurrency field have received preliminary approval allowing them to perform certain banking functions from a U.S. regulatory authority.
📌 A press release stated that the Office of the Comptroller of the Currency (OCC) has granted conditional approval for national trust bank charters requested by Circle Internet Group Inc., Ripple, BitGo Inc., and the digital asset arm of Fidelity, in addition to Paxos.
📌 This step is part of the latest manifestations of the White House's adoption of an industry that was previously considered risky and marginal.
