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
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WSJ: Circle, BitGo Pursue Elusive U.S. Bank Charters—Only Anchorage Holds One
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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
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