{"id":73661,"date":"2026-02-24T06:01:41","date_gmt":"2026-02-24T06:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73661"},"modified":"2026-02-24T06:01:41","modified_gmt":"2026-02-24T06:01:41","slug":"crypto-com-moves-closer-to-full-bank-status-with-conditional-us-charter-approval","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73661","title":{"rendered":"Crypto.com Moves Closer To Full Bank Status With Conditional US Charter Approval"},"content":{"rendered":"
\n

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The firm said that the approval allows the company to charter Foris Dax National Trust Bank, which will operate under the name Crypto.com National Trust Bank once it secures full authorization.\u00a0<\/p>\n

Crypto.com Advances Regulated Custody Plans<\/h2>\n

Kris Marszalek, Co\u2011Founder and CEO of Crypto.com, described <\/a>the development as a reflection of the company\u2019s focus on regulatory compliance and customer protection.\u00a0<\/p>\n

According to Marszalek, achieving full approval would position the firm as a \u201cone\u2011stop shop\u201d qualified custodian operating under what he characterized as a gold standard of federal supervision.<\/p>\n

The company said it intends to provide custody, asset staking across multiple blockchains and digital asset protocols \u2014 including its Cronos network \u2014 as well as trade settlement services within a regulated framework.<\/p>\n

Yet, Crypto.com is not alone in pursuing this regulatory pathway. Over the past year, the OCC has approved <\/a>national trust charter applications from several major digital asset firms, including Circle\u2019s First National Digital Currency Bank, Ripple National Trust Bank, BitGo Bank & Trust, Fidelity Digital Assets, and Paxos Trust Company.\u00a0<\/p>\n

More recently, Bridge \u2014 a stablecoin infrastructure provider owned by Stripe \u2014 said <\/a>it also secured conditional approval to establish a national trust bank.<\/p>\n

If finalized, these charters would allow crypto companies to hold and manage customer assets directly, potentially streamlining payment processing and accelerating settlement times. However, the OCC\u2019s recent approvals have drawn scrutiny <\/a>from traditional banking groups.\u00a0<\/p>\n

ABA Urges OCC To Halt Crypto Trust Bank Approvals<\/h2>\n

The American Bankers Association (ABA) last week called on the OCC to pause further approvals for crypto and stablecoin firms until there is greater clarity surrounding the regulatory framework tied to the GENIUS Act.\u00a0<\/p>\n

The ABA urged <\/a>the regulator not to move forward with applications if the full scope of regulatory obligations \u2014 including requirements that may arise under future GENIUS Act rulemaking \u2014 has not been clearly defined.<\/p>\n

In its comments, the association cautioned that uninsured national trust banks focused primarily on digital assets present unresolved safety and soundness concerns.\u00a0<\/p>\n

Among the issues cited were the segregation of customer assets, potential conflicts of interest, alleged cybersecurity risks<\/a>, operational resilience, and how such institutions would be handled in the event of failure.<\/p>\n

Meanwhile, interest in national trust bank status continues to grow within the digital asset sector. In January, World Liberty Financial (WLFI) said that one of its subsidiaries had filed an application to form a national trust bank centered on stablecoin operations.<\/p>\n

\"Crypto.com\"<\/p>\n

However, at the time of writing, the exchange\u2019s native token, CRO, was trading at $0.074, according to CoinGecko data<\/a>, registering a 20% loss in the monthly time frame.\u00a0<\/p>\n

Featured image from OpenArt, chart from TradingView.com <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto.com has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank. The firm said that the approval allows the company to charter Foris Dax National Trust Bank, which will operate under the name Crypto.com National Trust Bank once it secures full authorization.\u00a0 Crypto.com Advances Regulated […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-73661","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73661"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73661\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}