Article Summary

**Crypto.com Advances US Banking Ambitions with National Trust Charter Application** Leading cryptocurrency exchange Crypto.com has filed a pivotal National Trust Bank Charter application with the US Office of the Comptroller of the Currency (OCC), marking a significant milestone in crypto banking regulation. The October 24 submission positions Crypto.com to potentially become a federally regulated banking institution, bridging traditional finance and digital assets. The OCC approval process typically spans 12-18 months, during which regulators will evaluate Crypto.com's compliance framework, risk management protocols, and ability to serve cryptocurrency and blockchain-based financial services. This strategic move could revolutionize how Bitcoin, Ethereum, and other digital currencies integrate with conventional banking infrastructure. If approved, Crypto.com would gain enhanced credibility in the DeFi space while offering customers expanded financial services including custody solutions, lending products, and institutional-grade cryptocurrency trading. The charter application reflects growing mainstream adoption of blockchain technology and signals regulatory acceptance of crypto businesses operating within traditional banking frameworks. This development could accelerate institutional investment in Bitcoin and altcoins while strengthening consumer confidence in cryptocurrency platforms nationwide.