Core Insights - Crypto.com has filed an application with the OCC for a National Trust Bank Charter, aiming to expand its custody business rather than operate as a traditional bank [1][2][3] - The potential federal regulatory approval could attract more institutional clients to its custody solutions and enable new staking options [1][4] - The community has shown cautious optimism regarding the banking license, as evidenced by a brief spike in the value of its CRO token following the announcement [5][6] Company Strategy - The CEO of Crypto.com emphasized the focus on building a regulated and secure product and service portfolio, indicating a strategic shift towards custody services [2][3] - The company aims to leverage its new custody role to offer additional services, such as token staking across multiple blockchains [4] Market Context - The OCC has become more crypto-friendly, allowing banks to custody digital assets, which may increase the likelihood of Crypto.com obtaining the banking license [6] - The trend of crypto-native firms seeking banking charters is growing, with other companies like Ripple and Coinbase also pursuing similar paths [2][6]

The CRO token is absolutely sending 📈Up another 58% on the day to $0.37 ($37B FDV) and now up a whopping 160% on the weekThis comes after Trump Media shared plans to build a $6.4B CRO treasury just 2 days ago https://t.co/RQoIDoBgQq ...

Trump Media, https://t.co/odYCkTfAST plan $6.4 billion CRO token treasury based largely on equity line of credit https://t.co/8kSlXhym7D ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]