BitGo and Circle are preparing to operate under bank charters in response to anticipated regulatory changes, as financial regulators like the SEC reassess crypto-related rules to reduce legal uncertainty and attract more institutional participants into the digital asset sector, according to a person familiar with the matter

Claim

Quotes that support claims

These efforts aim to eliminate ambiguity and establish a more predictable legal framework that would allow the industry to thrive
Further guidance for how banks can engage with crypto is expected later this year, a person familiar with the matter said

Related projects

Circle
BitGo