In brief

• Crypto.com received conditional OCC approval for a national trust bank charter, enabling federally regulated digital asset custody, staking, and trade settlement.
• It joins a wave of crypto firms securing similar approvals, spurred by the OCC affirming banks can hold crypto assets and the signing of the GENIUS Act.
• Traditional banks are pushing back, urging slower approvals and more transparency, as tensions between the crypto and banking sectors continue to grow.