The American Circle Cripto Firms, Bitgo, Coinbase and Pakos are investigating bank licenses as 2 jobs for the StableCoin Regulation

Cryptocurrency companies in the United States move towards becoming integrated with traditional finances looking for Bank licenses and preparation for Potential StableCoin regulations. The circle and the Bitgo are among the companies working on the American bank charter applications. Covka and Pakos allegedly investigate similar steps. These efforts come as Congress discusses new laws that would impose more strict rules on Stablecoin issuers, aimed at regulating how these dollar digital tokens are managed.

The Bitgo is reported for a complete banking charter, which would allow to offer services such as deposits and loans. The company is also included in USD1, Stablecoin, which is supported by financial freedom in the world, supported by members of the Trump family. The bitgo is responsible for keeping the USD1 reserves. The circuit also launches its lobby efforts, especially as large banks such as banks of America, try to influence impending legislation favored by traditional institutions through non-banking publishers of stablecoin. The bank of America expressed interest to launch its own stablecoin if the regulations allow.

There are currently two main accounts. A stable act, which support the Republicans, adopted Federal Supervision for Stablecoin publishers, separating reserve funds from other means of other assets of the company and imposes a two-year ban on certain algorithmic stablecoins. In Senat, the Genius ACT gained traction, referring to federal and state regulatory frameworks, at the same time demanding issuers of Stablecoin to follow the rules against money laundering and liquidity standards. This account would treat Stablecoin publishers as a financial institution under the act on the secrecy of the bank, demanding to report suspicious activities and verify customers.

These events come because the US government appears more open for the CRIPTO company under the administration of President Trump. Previous restrictions on banks working with crypts are relaxed. The federal reserve plans to issue new guidelines on the banking activity related to the crypto regarding the rating this year. The Fed Chair of Jerome Powell has expressed support for the establishment of clear legal guidelines for Stablecoins, pointing to their increasing use in the wider economy.

Anchorage digitally remains the only CRIPTO firm with a federal banking charter. It is used mainly to institutional clients and included in borrowing initiatives such as a loan of $ 2 billion, which includes the Kanter Fitzgerald and Copper. However, the company is also under investigation from the Security Homeland Department.

While some traditional banks, such as American Bancorp and Bank of America, develop crypto services through partnerships, they remained skeptical. International banks such as Deutsche Bank and Standard Chartered carefully observe the development of events as entering the US Cropto market.

StableCoins, especially pendant and crush, remain essential for the CRIPTO ecosystem, is widely used for payments and trade. As regulation progress, cripto companies are prepared to meet higher standards and receive deeper access to the financial system.