Ideological compliance shift

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Crypto firms pursuing formal banking charters mark a shift from operating in regulatory grey zones to aligning with institutional compliance frameworks, reflecting their push for long-term viability and legitimacy within regulated finance
Brian Moynihan, Bank of America CEO, said the bank would issue its own stablecoin if a legal framework is established, as crypto firms like Circle and BitGo seek bank charters to compete with traditional institutions in stablecoin issuance and custody services

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WSJ reports Circle, BitGo seek bank charters

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