Crypto Firms Circle And BitGo Set To Pursue US Bank Licenses, WSJ
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Crypto is reportedly becoming more integrated into the conventional banking system, according to the Wall Street Journal. This shift occurs after the regulatory crackdown that followed the failure of crypto exchange FTX and its aftermath for many crypto-friendly institutions caused many in the conventional financial sector to withdraw their support from the digital asset market.
But now, with Trump’s recent vow to make America a “Bitcoin superpower,” things might be starting to change, the report alleges, and more integration between crypto and conventional banking could be on the…
