Crypto Firms Pursue Bank Licenses Surge

Over 15 Crypto Firms Seek Bank Licenses Amid Regulatory Softening

• More than 15 crypto firms are applying for banking licenses.
• Applications are submitted to the Office of the Comptroller.
• U.S. regulators have eased restrictions on banking licenses.
• The change allows direct access to federal payment systems.

More than 15 cryptocurrency companies are pursuing banking licenses following regulatory easing by U.S. authorities, granting them direct access to federal payment systems and increased legitimacy.