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Recent reports claim that crypto firms and financial giants are looking into expanding their operations in the US market following the Trump administration’s efforts to regulate the digital assets industry and incorporate it into mainstream finance.
Crypto Firms And Banks To Expand US Operations
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On Monday, The Wall Street Journal (WSJ) reported that the crypto industry is “pushing deeper into the banking system,” as several firms plan to apply for bank charters or licenses, including Circle and BitGo, according to WSJ sources.
The news media outlet alleges that Coinbase and Paxos are examining similar moves. Meanwhile, some unnamed firms are interested in national trust or industrial bank charters that allow them
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