Crypto firms, including Circle and BitGo, are reportedly targeting specific banking charters, such as national trust or industrial bank licenses, to enable activities like stablecoin issuance and crypto custody under clearer regulatory oversight

Quotes that support claims

The types of licenses under consideration range from national trust charters to industrial bank charters, which would allow activities such as holding deposits or issuing stablecoins

Some crypto firms are interested in national trust or industrial bank charters that would enable them to operate more like traditional lenders, such as by taking deposits and making loans

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