Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
The Daily Hodl 2025-03-19 18:41:17

Crypto Companies Looking To Obtain Bank Charters Amid President Trump’s New Regulatory Regime: Report

Crypto Companies Looking To Obtain Bank Charters Amid President Trump’s New Regulatory Regime: Report

Crypto firms in the US are reportedly seeking bank charters, encouraged by President Donald Trump’s pro-digital asset regulatory environment. According to a new report from Reuters, crypto and fintech companies are increasingly interested in reducing their borrowing costs by acquiring bank licenses, something regulators in the past were slow and reluctant to approve under the Biden Administration. A bank charter is a license issued by the government that allows the institution asking for it to operate as a bank and engage in activities such as accepting deposits and making loans. Two anonymous sources familiar with the matter told Reuters that while institutional demand for bank charters has increased, it is unknown how many firms will be given the licenses. Carleton Goss, a partner at the law firm Hunton Andrews Kurth who is working on some of the applications, said that bank charters would not only allow crypto firms to appear more legitimate to consumers, it would also reduce their borrowing costs. “Online companies know that they will be coming under greater regulatory scrutiny… It makes sense for them to get ahead of the curve, and in turn, get more credibility and capital at a lower cost by applying for a charter.” According to a letter sent to Reuters, between 2010 and 2023, regulators approved an average of five new bank charters per year, compared to 144 between the years of 2000 and 2007. Nathan Stovall, director of the financial institutions research at S&P Global Market Intelligence, said that the Trump Administration’s new lax regulations are sending a positive message to fintech and crypto firms. “We haven’t seen a flurry of charter applications since the financial crisis period, but we certainly saw more in the first Trump administration.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/oneinchpunch The post Crypto Companies Looking To Obtain Bank Charters Amid President Trump’s New Regulatory Regime: Report appeared first on The Daily Hodl .

Most Read News

Market Cap
24h Vol
60.37%
Bitcoin Share
843
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.