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Circle, BitGo, Coinbase, Paxos Go For US Banking Licenses

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The main cryptocurrency companies, such as Circle, Coinbase, Bitgo and Paxos, are preparing to apply for banking licenses in the United States.

Second The report of the Wall Street Journal dated April 21, 2025These cryptocurrency societies are ready to capitalize on the position in favor of the crypto of the United States government.

The companies are currently pursuing various types of banking licenses. It mainly depends on their specific business models. While some seek trusted national charter or industrial banks, which would allow them to operate with skills similar to traditional banking institutions, others are concentrating on more specialized licenses that would mainly allow the emission and custody services of Stablecoin.

“This represents a natural evolution for the cryptocurrency industry”, explains the cryptocurrency analyst Sarah Johnson. “As these platforms mature and try to serve a wider customer base, banking licenses provide the regulatory framework and customers’ protections necessary to operate on a large scale within the existing financial ecosystem.”

So who called it? Both the CEO of Sygnum Bank and the president of Ripple have provided that the cryptographic companies would have chosen the banking licenses before rather than after. They also planned that US banks will eventually compete to offer encryption services.

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The deputy CEO of the Sygnum Bank group states, “There is no longer anyone to be afraid”

Speaking of recent regulatory changes that allow US banks to get closer to cryptocurrency offers, Thomas Eicenberger, CSO and deputy CEO of Sygnum Bank, said they predict strong competition among the US banks that fight for encryption customers.

Eichenberger said: “I think there will be a continuous phase of uncertainty, even until the regulatory framework in the United States has been clearly established”.

“I think it is a fact that US banks are preparing to be able to offer encryption custody and cryptographic trading spots at any time soon,” he added.

Eicenberger expects most US banks, if not all, want to draw Crypto very clearly.

“I Don’t Expect Only a Shift from Us Banks Wanting to Offer These Services and Enter This Market, but also Large International Banks that are incorporated outside of the US but have a US business. I Think Some of Them May Have Had Their Strategic Plans in Place to offer Crypto-Related Services But Have Been Afraid That At Some Points Will Be Gone After by Any of the Us Regulatory Authorities, SO They Held Back.

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“Game on in the United States”, says the president of Ripple: he discusses the progress of the encryption bills

Speaking of regulatory clarity in the United States this year, the president of Ripple Monica recently said: “I think we are finding the right balance all over the world. I think there is probably a healthy tension there and we need to implement some rules and put them into practice to see what the wrinkles must be resolved”.

Commenting on the progress of crypto invoices in the United States, for a long time he said: “In terms of encryption legislation, they seem to be more distant. I know that there are also the invoices of the infrastructures of the current cryptocurrency market. Those seem to be more distant. Even in the United States, even in the United States, I would say another change in the field of the United States. Now.”

According to her, Ripple saw the acceleration of the business occurs almost during the night from the elections “in which the commitment of the banks to the United States has changed as a switch of the launched light”.

“I think more banks, more distribution,” said Long. “The other big change is with Sab 121 that descends. So this was the bulletin with the accounting rules that really limited the banks from keeping crypt in their balance sheet. Certainly we see much more interest in custody.”

“So, game in the United States,” Long said with confidence.

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Keyway keyway

  • The search for banking licenses by cryptovans could actually fill the longtime gap between digital activities and the traditional financial system.

  • “This represents a natural evolution for the cryptocurrency industry”, explains the cryptocurrency analyst Sarah Johnson.

Post circles, Bitgo, Coinbase, Paxos go for US banking licenses first appeared on 99 bitcoins.

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