OCC Grants Conditional Approval to Crypto Firms for National Trust Bank Charters
On December 12, 2025, the U.S. Office of the Comptroller of the Currency (OCC) announced that it has granted conditional approval for several prominent cryptocurrency firms—including Ripple, BitGo, Paxos and Circle (together, “the Companies”)—to establish national trust banks. This development marks a significant regulatory milestone for the digital asset industry, with the potential to reshape the landscape for crypto-related financial services in the United States.
OCC Conditional Approvals
The OCC’s decision granted conditional approval to the Companies to establish national trust banks, subject to meeting certain requirements before commencing full operations….
