Circle, BitGo or any crypto firm that obtains a US bank charter would become subject to stricter regulatory oversight, similar to the experience of Anchorage Digital, which remains the only federally chartered crypto firm and has spent tens of millions on compliance

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Anchorage Digital, so far the only crypto firm in the country with a federal bank charter, said it spent tens of millions of dollars to comply with regulations
The only crypto company with a federal charter at the moment, Anchorage Digital, told WSJ that it has taken a large financial outlay to meet compliance standards.
Any crypto firm that obtains a bank charter would become subject to stricter regulatory oversight

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