Crypto Firms Push Deeper Into Banking
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Old Glory’s announcement comes amid a broader push by crypto-native and crypto-aligned firms into regulated banking. In December, the Office of the Comptroller of the Currency conditionally approved several national bank charter applications tied to crypto companies, including Ripple Labs and Circle.
More recently, World Liberty Financial—linked to Donald Trump and his family—filed for a national trust bank charter to support stablecoin issuance and custody. Together, these moves signal that crypto’s push into regulated banking is accelerating, with public markets increasingly part of the strategy.