$ETH Circle Denies Plans to Apply for a U.S. Federal Banking License

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According to PANews, Dante Disparte, Chief Strategy Officer at Circle, denied rumors that the company is seeking a U.S. federal banking license. In a post on social media platform X, Disparte clarified that Circle is not currently planning to apply for a federal banking license or acquire a deposit-taking institution. Instead, the company will consider applying for credit licenses at the federal or state level or other non-bank financial institution permits in line with U.S. stablecoin regulatory requirements. This statement addresses recent media reports suggesting that Circle, along with other crypto companies like BitGo, was considering applying for a banking license. Disparte also urged lawmakers to create a clear regulatory framework for stablecoins #BinanceHODLerSIGN #EthereumFuture #BinanceAlphaAlert