The emergence of new stablecoin bills in the #US and support from the Donald Trump administration have allowed companies like #Circle and #BitGo to announce their intention to apply for banking licenses. At the same time, traditional banks are considering providing cryptocurrency services, The Wall Street Journal has found.

Two years ago, the collapse of the #FTX exchange and the bankruptcy of crypto-focused banks Silvergate Capital and Signature Bank forced traditional bankers to turn away from cryptocurrencies due to their high volatility and imperfect regulations.