According to PANews, three cryptocurrency companies, WisdomTree Digital Trust, Standard Custody & Trust, and Commercium Financial, have applied for a master account with the Federal Reserve, appearing on the latest list. It remains unclear whether WisdomTree and Standard Custody, as New York State-chartered trust companies, meet the eligibility requirements, as they need to have deposit-taking powers or FDIC insurance. Industry observers believe these companies may be positioning themselves in advance, anticipating an executive order from Trump instructing the Federal Reserve to open master accounts. Commercium has reapplied after withdrawing its application in 2022. Several crypto companies are applying for national bank charters, hoping for approval from the new director. Anchorage has also stated that it is 'deeply considering' applying.