U.S. banking regulators have taken a major step toward bringing digital asset companies into the mainstream financial system, approving several crypto firms to establish federally chartered trust banks. The Office of the Comptroller of the Currency said Friday that five companies received conditional approval to move forward.
The deepening footprint of crypto into mainstream finance is likely to be seen as additional proof by firms like Coinbase Global Inc. (NASDAQ: COIN) that the industry is poised for explosive growth around…
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