Crypto Firms Seek Banking Licenses Amid Evolving Regulations

   Over 15 cryptocurrency and fintech firms, including Circle and BitGo, are pursuing banking licenses through the Office of the Comptroller of the Currency (OCC). This surge reflects a growing desire for integration with the traditional financial system, particularly under new, crypto-friendly OCC leadership. Firms aim for OCC trust charters as a pathway to secure Federal Reserve master accounts, granting access to the Fed's payment infrastructure. Recent regulatory shifts, including FDIC support for crypto activities