PANews, July 14 - According to reports from media outlets such as the Financial Times, cryptocurrency companies are accelerating their foray into the traditional banking sector in the United States, taking advantage of the Trump administration's friendly regulatory environment for digital assets. Ripple, Circle, and BitGo have applied for a national trust bank license, which allows them to provide cryptocurrency asset custody and payment processing services without needing state-by-state approvals, enabling nationwide operations. Circle has applied to establish the 'First National Digital Currency Bank' aimed at strengthening the USDC stablecoin infrastructure and complying with the GENIUS Act requirements. Ripple has also applied for a Federal Reserve master account to directly hold stablecoin reserves. Meanwhile, Kraken plans to launch debit and credit cards by the end of this month, with no intention of applying for a full bank license, focusing on the integration of cryptocurrency tools and financial services. Market analysis indicates that the Trump administration's open attitude and progress in stablecoin legislation are driving this trend, although regulatory approvals remain uncertain.
