Cryptocurrency companies are rapidly expanding into the US banking sector, leveraging a receptive regulatory landscape. As reported by the Financial Times, Ripple Labs, Circle, and BitGo are pursuing National Trust Bank charters. These charters would streamline operations, allowing them to offer asset custody and payment processing services across the US without navigating individual state regulations. This move signals a broader trend of crypto firms moving beyond digital asset services. Kraken is set to launch a bank card next month, while Robinhood plans to introduce banking services this fall. This intertwining of digital banking and cryptocurrency allows fintech companies to tap into the burgeoning crypto market to acquire new US customers. Even major players like Bank of America are poised to issue their own stablecoins once US regulations are clarified. The US Congress is slated to vote on critical legislation during Crypto Week, including the Stablecoin Regulation Act (GENIUS), the Digital Asset Market Structure Act (CLARITY), and a bill proposing a CBDC ban, shaping the future of crypto and banking in the US. ```

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