Laser Digital seeks US bank charter amid regulatory thaw under Trump-era OCC

Nomura-backed crypto unit Laser Digital is applying to the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter to offer regulated cryptocurrency custody and spot trading services. Obtaining this federal charter would allow the firm to operate under a unified federal framework, bypassing state-level licensing requirements. This application aligns with a recent increase in charter filings by crypto and fintech firms, which analysts attribute to a more favorable regulatory environment under OCC leadership appointed during the Trump administration, contrasting with the stricter standards seen under the Biden administration. Other applicants include World Liberty Financial and Revolut, while established companies like Ford and GM have secured FDIC approval for banking ventures. The charter process is lengthy, involving preliminary review and final approval based on operational readiness, which can take over a year.

(Source：Crypto Briefing)