Five Crypto Companies Win Federal Banking Approval in Historic Regulatory Shift
The U.S. Office of the Comptroller of the Currency (OCC) granted conditional approval to five major cryptocurrency companies on December 12, 2025, allowing them to operate as federally chartered national trust banks.
This marks one of the most significant regulatory developments in crypto history, bringing digital asset firms under the same federal oversight as traditional financial institutions.
The approved companies are Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. Circle and Ripple received brand new charters, while BitGo, Fidelity, and Paxos converted their existing state-level trust companies into national trust banks.
Why This Matters
National trust bank charters give crypto companies a major advantage. Instead of…
