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Reuters: Multiple crypto companies are applying for state or national banking licenses

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2025-03-19 05:23:53
According to Cryptonews, a number of fintech and cryptocurrency companies are applying for state or national banking licenses in the hope of obtaining faster approval under the pro-crypto Trump administration.
According to reports, obtaining a banking license will enable crypto companies to offer a wider range of financial services, enhance their legitimacy in the eyes of customers, and reduce borrowing costs by taking deposits. Carleton Goss, a partner at law firm Hunton Andrews Kurth, said it would also help companies reduce their cost of capital, but would also be subject to greater regulatory scrutiny.
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Trump has repeatedly urged the Federal Reserve to cut interest rates, and sources say it could fire Powell
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MIM Spell: Willing to offer hackers 20% of the total stolen funds as a bounty
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Listed company KULR increases its holdings of 56.3 BTC at an average price of $88,824
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14:07 2025-03-25
CME Group plans to use Google Cloud to test digital asset infrastructure to simplify settlement and clearing
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GMGN Releases Security Update: Withdrawals Add Google Secondary Verification and Adjust Rules
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Suspected Arrington Capital address received 5 million PARTI
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