Crypto-First Banks Are Coming To Shake Up The Banking World

The Federal Reserve is the latest U.S. regulator to clear the path for crypto banking to enter the mainstream, so let’s take a look at where the market stands and how it might evolve.

One of the implications of the pro-crypto policies pursued by the Trump administration is that the banking sector is positioned to undergo a transformation via both the expansion of crypto friendly banks as well as the launching of multiple crypto-native banks. As of this writing the only federally chartered crypto operating in the U.S. is Anchorage Digital Bank NA, with other efforts such as those launched previously by Paxos National Trust and Protego National Trust having faced…

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