Crypto.com Secures Key U.S. Regulatory Approval for Federally Chartered Crypto Custodian Bank

In a significant step for the cryptocurrency industry, Crypto.com has obtained preliminary approval from U.S. regulators to establish a federally regulated digital asset custodian bank. This initial approval, granted by the Office of the Comptroller of the Currency (OCC), paves the way for the platform to offer institutional-grade custody services for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) under a national trust charter. The move represents a major regulatory milestone, enhancing security and compliance for institutional investors and signaling growing acceptance of crypto assets within the traditional U.S. financial framework. This development is expected to bolster institutional confidence and could drive further adoption of digital assets.