Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to pursue a federally chartered national bank license, allowing the exchange to offer digital asset custody and staking services under federal oversight. This approval aligns with a recent trend, as several other crypto firms, such as Bridge, Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos, have also received similar conditional approvals, reflecting a shift toward federal regulation of crypto asset custody. The OCC’s updated policies, influenced by a presidential administration supportive of the digital asset industry, have clarified that banks can engage in crypto activities, thereby reducing previous regulatory burdens.
Crypto.com secures conditional OCC approval for national bank license
