OCC Greenlights Ripple, Circle, Paxos, BitGo, Fidelity As Crypto Banks
OCC Comptroller Jonathan Gould conditionally approves five new charters as national trust banks.
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OCC trust bank charters for Circle, Ripple, Paxos, BitGo and Fidelity Digital Assets are one of the clearest signals yet that crypto is moving from the regulatory perimeter into the core of the U.S. banking system. For banks, it is arguably the biggest institutional crypto signal of 2025—just as spot bitcoin ETFs were for broker‑dealers—because it formalizes a supervised path to stablecoin, custody and tokenization businesses rather than leaving them in legal gray zones.
A Turnaround In Policy
Interpretive Letter 1176, issued in January 2021, is the legal and conceptual backbone for…
