Crypto.com Files for National Bank Charter Following Circle, Stripe and Coinbase

Group 1 - Crypto.com has filed for a national trust bank charter with the Office of the Currency Comptroller (OCC), joining other crypto companies like Circle and Coinbase in this pursuit [1][3] - The CEO of Crypto.com, Kris Marszalek, emphasized the company's focus on building a regulated and secure product portfolio, expressing excitement about the charter application as a step towards providing trusted services [2] - The OCC's approval for banks to manage crypto assets has led to increased interest from crypto firms in obtaining national trust bank charters, with Erebor recently becoming the first to earn a conditional federal charter [3] Group 2 - The Federal Reserve is exploring the issuance of "skinny master accounts" for crypto banks, which would allow access to the Fed for direct payments, albeit with limitations [4][5] - These "skinny" master accounts would not include benefits such as interest payments or overdraft protection, indicating a cautious approach towards crypto banking [5] - Crypto.com has recently relaunched its institutional exchange amid a more favorable regulatory environment in the U.S., although it faced a regulatory setback in Nevada [5]