WSJ: Circle, BitGo Pursue Elusive U.S. Bank Charters—Only Anchorage Holds One

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Crypto firms Circle and BitGo plan to apply for U.S. banking licenses, according to a report by The Wall Street Journal published on April 21

For companies that once thrived on regulatory ambiguity, survival now could mean learning to function within the very institutions they were built to bypass

Proposed laws would require stablecoin issuers to obtain charters, prompting firms to explore trust and industrial bank licensing options