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BTCC / BTCC Square / Global Cryptocurrency /
Crypto Firms Seek Bank Status Amid US Digital Assets Legislation Ease

Crypto Firms Seek Bank Status Amid US Digital Assets Legislation Ease

Author:
Global Cryptocurrency
Published:
2025-04-21 15:03:02
5
1
Crypto firms are pushing for bank status as US legislation on digital assets eases. Major players like Circle and BitGo are preparing to apply for bank charters. Traditional banks like US Bancorp and Bank of America are also responding to the shift by re-launching crypto custody programs and planning to issue stablecoins.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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