Close Menu
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
  • Home
  • Bitcoin
  • Business
  • Crypto
  • Economy
  • Finance
  • Invest
  • Market
  • Money
  • News
  • Sports
What's Hot

‘Big beautiful bill’ children’s Trump account rules are complicated

July 18, 2025

Pakistan’s Muhammad Asif to face Indian cueist in IBSF World Masters final – Pakistan

July 18, 2025

3 ways Trump trying to fire Powell could backfire

July 18, 2025
Facebook X (Twitter) Instagram
Trending
  • ‘Big beautiful bill’ children’s Trump account rules are complicated
  • Pakistan’s Muhammad Asif to face Indian cueist in IBSF World Masters final – Pakistan
  • 3 ways Trump trying to fire Powell could backfire
  • Ons Jabeur announces break from tennis – Sport
  • Yamal inherits Barca’s iconic number 10 jersey – Sport
  • Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration
  • Kraken Launches U.S. Derivatives Arm
  • Student loan changes under Trump and the ‘big beautiful bill’
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & BusinessFlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
Friday, July 18
  • Home
  • Bitcoin
  • Business
  • Crypto
  • Economy
  • Finance
  • Invest
  • Market
  • Money
  • News
  • Sports
FlashBuzzNews – Breaking News on Sports, Crypto, Economy & Business
Home » Crypto firms are reportedly pushing for National Bank status

Crypto firms are reportedly pushing for National Bank status

adminBy adminMarch 18, 2025 Crypto No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


According to a Reuters report dated March 18, industry insiders are allegedly saying that crypto firms see this as an opportunity to gain regulatory legitimacy and broaden their markets. Though such applications have historically taken regulatory bodies a long time to approve, legal experts have seen a recent uptick in interest.

“We have seen a lot more interest. We are working on several applications now,” said Alexandra Steinberg Barrage, a partner at the law firm Troutman Pepper Locke, as quoted by Reuters. However, with the administration appointing new banking regulators, Locke said, many firms are feeling cautiously optimistic, even as enthusiasm builds.

National bank status would enable crypto firms to lower borrowing costs by accessing deposits, enhancing credibility, and creating new business opportunities. “It makes sense for them to get ahead of the curve and gain credibility and capital at a lower cost by applying for a charter,” told Carleton Goss, a partner at Hunton Andrews Kurth, to Reuters.

The report also said that approvals for bank charters have historically been few and far between, with U.S. regulators granting just four in 2023. For the years between 2010 and 2023, however, the average approvals per year were only five, in stark contrast to the 144 approvals between 2000 and 2007. Thus, obtaining charters will be difficult for the crypto enterprises entering the banking sector.

Following the news, many crypto industry netizens are unhappy about this move.

One X user, who goes by the username Cedric Beau said, “Bitcoin doesn’t need banks. Any crypto company trying to become a national bank isn’t decentralizing; it’s integrating into the same system $BTC was built to replace.”

Another user named MooseyB17 said, “NO! The whole point of crypto is to get away from banks.”

However, many within the crypto community believe this could help in adopting cryptocurrencies, saying, “Regulatory clarity incoming? This could be a game changer for Bitcoin and crypto adoption.”



Source link

admin
  • Website

Keep Reading

Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital

Eric Trump-backed American Bitcoin to go public through all-stock merger

4 Ways To Create a Passive Income Stream With Crypto

Next Technology Stock Soars Again After Reporting Bitcoin Holdings

The Zacks Analyst Blog Highlights First Trust SkyBridge Crypto Industry & Digital Economy ETF, The Spear Alpha ETF, VanEck Vectors Digital Transformation ETF, TrueShares Technology, AI and Deep Learning ETF and Strive U.S. Semiconductor ETF

Metaplanet Overtakes El Salvador With $126M Bitcoin Purchase

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

3 ways Trump trying to fire Powell could backfire

July 18, 2025

Powell defends $2.5 billion Fed renovation in a point-by-point response to the Trump administration

July 17, 2025

US wholesale inflation was unchanged last month despite tariff rollout

July 16, 2025

More employers plan to pass along health care costs to workers in 2026

July 16, 2025
Latest Posts

Trump Family-Backed American Bitcoin to Go Public via Merger With Gryphon Digital

May 12, 2025

Eric Trump-backed American Bitcoin to go public through all-stock merger

May 12, 2025

4 Ways To Create a Passive Income Stream With Crypto

May 12, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Flash Buzz News, your go-to source for the latest updates on sports, money, economy, investing, and business. We are dedicated to delivering timely, accurate, and insightful news to keep you informed in today’s fast-paced world.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 flashbuzznews. Designed by flashbuzznews.

Type above and press Enter to search. Press Esc to cancel.