Crypto firms dive into banking amid friendlier US regulations
Crypto companies like Ripple, Circle, and Kraken are expanding into traditional banking as the U.S. government signals greater support for digital assets.
Cryptocurrency firms are rapidly moving into traditional banking in the U.S., hoping to benefit from a more welcoming regulatory climate under President Trump. Companies such as Ripple, Circle, and BitGo have applied for national trust bank charters, which would allow them to offer select banking services. Meanwhile, crypto exchange Kraken plans to release both debit and credit cards by the end of the month.
Kraken’s co-CEO Arjun Sethi called this shift a “natural convergence,” reflecting the growing confidence within the industry. Unlike under the previous…
