US regulator approves national trust status for crypto firms
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The United States has taken a landmark step in financial regulation after the Office of the Comptroller of the Currency granted conditional approval for five leading crypto companies to operate as national trust banks.
Ripple, Circle, Paxos, BitGo and Fidelity Digital Assets are now set to enter the federal banking system, marking one of the most significant regulatory endorsements of the digital asset sector to date.