Crypto Adoption Accelerates as Circle and Ripple Seek Banking Licenses
Crypto adoption is accelerating, with significant developments occurring even as other political and economic issues dominate headlines. One such development is the potential inclusion of an amendment in the Big Beautiful Bill to address taxation issues related to crypto miners and stakes, proposed by Senator Lummis. Although this amendment was not ultimately included in the bill, the fact that it was considered at such a high level of debate is seen as a positive sign for future tax alterations in the crypto sector.
In addition to the ongoing policy conversation, two major developments in the crypto landscape have gone relatively unnoticed. Circle, a stablecoin issuer known for its regulatory compliance, has applied for a national…
