Paxos, Fidelity, Ripple, BitGo, and Circle secure US trust bank approvals

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved five national bank charter applications for companies involved in the digital assets industry. Specifically, BitGo, Fidelity, and Paxos received conditional approvals to convert their existing state-level trust companies into federally chartered national trust banks. Additionally, Circle and Ripple received conditional approvals for new national trust bank charters. The Comptroller of the Currency, Jonathan Gould, stated that new entrants benefit consumers, the banking industry, and the economy, affirming the OCC's commitment to supporting both traditional and innovative financial services.

(Source：Cointelegraph)