US crypto firms like Circle & Bitgo are seeking banking licenses amid potential stablecoin regulations. 🏦 Coinbase & Paxos may follow. Congress debates stricter rules for stablecoin issuers pegged to the dollar.
Bitgo seeks a full banking charter & manages USD1 reserves. Circle lobbies as banks like Bank of America eye stablecoins if regulations allow. Two bills are in progress. ⚖️
The US government seems more open to crypto. The Fed plans new directives. Digital Anchorage has a federal charter but faces a DHS survey. Some banks offer crypto services, others are skeptical. 🧐 Stablecoins like Tether remain vital.
post url: https://altcoin.observer/us-crypto-firms-circle-bitgo-coinbase-and-paxos-continue-bank-licenses-while-2-invoices-are-pressure-for-the-regulation-of-stablescoin/
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