Digital asset firms may gain access to national bank charters
The U.S. Comptroller of the Currency stated that entities engaged in legally permissible activities, including digital assets, should have a path to becoming national banks.
The OCC has received 40 de novo applications over the past 18 months, including applications for national trust banks.
Many complete applications have been decided on within 120 days, indicating a potential shift in the regulatory landscape for digital asset firms.