Cryptographic companies and large American banks would have closed the ranks at the start of the second presidential term of Donald Trump, who helped dissolve the limits that had previously preserved digital assets and traditional finances lengthwise.
President Trump's promises to transform the United States into the “world's cryptography capital” encouraged traditional financial institutions to seek licenses to offer cryptography services.
The new administration has returned several crypto-restrictive directives of financial regulators, in particular the Federal Reserve, the Securities and Exchange Commission (SEC) and the office of the Currency Controller (OCC). Likewise, Trump 2.0 has opened doors to more institutions affiliated with crypto to request federal banking charters.
Trump declares the free season for the crypto and the bank
Cryptopolita reported Last month, the occurrence canceled a requirement from the Biden era which forced the banks to obtain a “non-object of supervision” before engaging with the crypto.
“”It was obviously a great means of deterrence to be able to do anything again“Said Adam Shapiro, co-founder of Klaros Group. He added that credible requests for the banking charters of cryptographic companies are now much more likely.
Circle, Coinbase Global, Bitgo and Paxos are among those looking to take advantage of the more user -friendly regulatory climate. All are supposed to actively consider or asking for American banking charters. However, a spokesperson for Coinbase has confirmed that the company had not yet made an official decision.
“”He puts control of the ramp have and offered in the hands of cryptographic companies themselves,“Said Shapiro.
Bank of America could launch Stablecoin
Some of the largest Wall Street institutions are preparing to launch their own stablecoin offers. Bank of America, a curious but cautious observer in the cryptography market, now says that he is ready to issue a sustained digital token in dollars, if the legislators give the green light.
“If they make this legal, we will enter this company,” said Bank of America's CEO Brian Moynihan, in an interview on February 26 in Washington, DC. He argued that a fully sustained stablecoin in dollars would work as a money market fund and sees products as inevitable.
“”It is quite clear that there will be a stablecoin, which will be entirely supported in dollars, […] You will therefore have a coin of Bank of America and an American deposit and we can make them go and come because now it has not been legal for us to do it, but it is like another foreign currency»Moynihan concluded.
Others such as Standard Chartered, Paypal, Stripe and Fidelity investments also create Stablecoin infrastructure. On February 4, via a press release, Stripe announced that it had acquired the bridge of the stable platform and tests payments based on stables on the markets outside the United States, the United Kingdom and the EU. Paypal announcement It would offer an annual yield of 3.7% to users who hold its stablecoin Pyusd on Venmo.
Traditional financial entities reassess the risk of cryptography
According to Julian Sawyer, CEO of Zodia, the Standard Chartered Cryptrard cryptography unit, the demand for American institutions increased under Trump 2.0.
“”Since Trump came to power, we have been talking much more to American institutions,»Sawyer supposedly interview.
An anonymous founder of a regulated crypto company revealed that they had met Morgan Stanley representatives in the first weeks of 2025 to discuss a partnership. The founder insisted that banks play a “catch -up” with cryptographic companies after almost a decade of reluctance.
“”If you asked someone six months ago, no one would have really thought we would arrive here, but now we are here. “Bitgo CEO said Belshe.
