Crypto firms are increasingly targeting small U.S. banks for acquisition as a strategic move to enter the regulated finance sector. This approach allows them to bypass the lengthy charter application processes, gaining instant access to customers, deposits, and regulatory licenses. Recent discussions indicate that this trend is part of a broader strategy to secure a foothold in traditional finance amid evolving regulations, offering significant advantages such as established deposit bases and access to federal payment systems.
Crypto firms explore bank acquisitions for quicker access to finance
