Banks at global have been revising the stance over crypto and big groups such as Deutsche Bank and Standard Chartered, WSJ reported that these two are seeking to expand their services in the United States.
It is worth noting that the report doesn’t not assure how long but says that the renewed interest of traditional players currently is comparatively the same as seen before the collapse of FTX.
A few know to the fact says that the renewed interest has been observed when Donald Trump spoke about Bitcoin and crypto openly in his rallies and election campaigns.
However, a few sources also claim that Coinbase, Paxos, Circle, and Bitgo are gearing up for the application for bank charters or licenses. According to the report Anchorage Digital, which is under reported scrutiny from the United States Homeland Security, which has already spent millions of dollars to meet the regulatory guidelines.
Is the U.S showing mixed sentiments for crypto?
Over years, cryptocurrency remained a debateble topic in the United States, but after back to back crackdowns from the Securities and Exchange Commission of the United States, crypto gathered huge negative attention, but Bitcoin and other similar turned this in a opportunity and registered a all time high just below the mark of $110k.
There are some who favours the ongoing spikes in the market are just because of comparison of Bitcoin, Ethereum and XRP from the assets and commodities in traditional, which has sparked postive sentiments in investors of different sectors.
The sectors is now gaining recognition global as Donald Trump the sitting president of the United States promised in his pre election campaigns that he will do something good for Bitcoin and will make U.S the hub and centre of digital economy.
It is noteworthy that, after Trump came in power agencies and regulators has decreased it’s scrutiny over crypto and has reversed several decison and lawsuit filed under the chairship of Gary Gensler.
Gary Gensler has served as the Chairman for the SEC, he left his postion before Trump was fully in power. Following his departure, Mark Uyeda was appointed as a interim head of the commission and he also contributed a huge in just few days, after his Paul Atkins is now serving as the chairman of the SEC.
Also the United States has revived it’s crypto task force which is responsible for the functioning and other related things in the United States.
Crypto market price update
As of writing, the crypto market caplizationn was $2.73 trillion with a surge of 2.71% and at the same crypto fear and greed index was at 34 which was recorded at 30 on the previous day.
Bitcoin is currently at $86,951 by 3.20% in the past 24 hours, similarly, its market cap is up by 3.19% now at $1.73 trillion.
