In a landmark move for the digital currency world, major crypto entities Ripple and Circle have been granted preliminary approval by a leading U.S. banking regulatory body to create national trust banks. This development could potentially bridge the gap between digital assets and traditional banking systems.

The Office of the Comptroller of the Currency has conditionally sanctioned two new national trust bank charters for these companies, alongside approving applications from BitGo, Paxos, and Fidelity Digital Assets to transition state trust bank charters into national ones. These approvals would empower the companies to handle and secure assets for clients and accelerate payment settlements while prohibiting cash deposit acceptance or loan issuance.

Currently, Anchorage Digital stands

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