Crypto companies race to secure bankruptcy in the United States

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Cryptocurrency Companies competes in the United States to access the US traditional banking for the President Donald Trump and financial system.

Cryptist Payment Group Ripple, Stablecoin Company Circle and Custodian Bitgo, Crypto exchange Plans to launch bank cards in the next month.

“This is a natural nearby,” CEO of Krake’s co-chair Arjun Sethi, said the company’s financial time plans to launch debit and credit cards by the end of the month.

The actions emphasize that they want to expand the activities of Crypto companies to offer only digital asset services. Trump has increased the confidence of executors due to the disclosure of the White House to digital assets, but his predecessor Joe Biden was adopted to be an enemy in the industry.

New York-based constituency, the currency regulating financial institutions, the COMPTROLER office, which regulates the Financial Institutions, the more financial system will be a “meaningful step”, he said. Anchoric is the only cryptois of digital, national bank charter.

“Here’s ….. Many of these cryptists” We do not need banks, we do not need laws, all we do is superior, “he said,” he said. “Now they say ‘I regulate us’.”

Although the National Trust Banks can protect assets and process payments, they cannot give loans or make direct deposits from customers. Earning the status of national confidence will eliminate the needs of a company to obtain licenses from individual states and increase their access to the financial system.

The push in the banking is due to the legislation arguing in Washington, which argues in Washington, will bring signs that supporters can act like currency closely to the traditional financial system.

“It really opens US financial markets mainly to allow stablecoins,” he said, Sayan Chernichaw, Pillsbury.

Stablecoins are following the price of national currencies such as dollars and is increasingly based on Trump and its captive support from its cabin. Traders use to move between sovereign currencies and crypters, while others use it for payments on their border.

The proposed Genius law will strengthen Stablecoins and closes the US treasures used to return the Stablecoins to the dollar. Only adjustable banks and some non-bank groups will be able to give stablecoins from the OCS license.

Ripple Executive Director Brad Garlinghouse said that the company has applied for a master’s account in the federal reserve, which allows you to hold direct stablecoin reserves with the Central Bank.

Digital banking and crypters are approaching, fintechs, they want to touch the rapidly growing cryptoplets to gain customers to have increased cryptists.

Last year, the retail brokerage robinitis of more than half of Crypto’s operations plans to spread some banking services in the fall.

“We must be able to help you with all your financial needs,” said Vlad Tenev, CEO, the CEO. “So you do not have to worry about your taxes, real estate planning and transfer money.”

Neobank Revolut, located in London, also increases a large part of crypto trade – US President Sebastian Siemiatkowski plans to turn the consumer loan into a cryptist.

Meanwhile, including large banks, including Bank of America, want to leave their stablecoins after the U.S. regulation ended.

“This administration said it would be open to the charter applications in a pre-accepted manner.”

However, companies that do not diversify traditional consumer banking in all crypters do not see the need to apply for a bank license. Crypto Exchange Kraken – There is a license in Wyoming – offers a new application without applying for a charter or master confidence.

“We do not want to be a bank offering a mortgage. We want to share with the best people who can provide them,” Sethi said.