Circle, BitGo, Coinbase Pursue US Bank Charters Under Trump's Pro-Crypto Agenda

confirmed Importance 8/10 ~1 min read 3 sources 6 actors

Financial Capture Intelligence Penetration

Circle, Paxos, BitGo, and Coinbase are preparing to apply for national bank charters or trust bank licenses, reflecting the Trump administration’s aggressive pro-cryptocurrency stance. This move represents a significant shift in crypto firms’ strategy, seeking deeper integration with the traditional banking system by obtaining federal banking credentials.

Sources & Citations

[1] Circle, BitGo and other crypto firms plan to apply for bank charters or licenses · Apr 21, 2025 Tier 1

[2] Circle Applies for US National Trust Bank Charter After IPO · Jun 30, 2025 Tier 1

[3] BitGo Joins Wave of Firms Applying for US Bank Charters · Jul 2, 2025 Tier 1

Tiers Tier 1 court records & gov docs · Tier 2 established outlets · Tier 3 regional & specialty press · Tier 4 opinion or single-source. Methodology →

Cite this entry

The Cascade Ledger. “Circle, BitGo, Coinbase Pursue US Bank Charters Under Trump's Pro-Crypto Agenda.” The Capture Cascade Timeline, April 21, 2025. https://capturecascade.org/event/2025-04-21--circle-bitgo-and-other-crypto-firms-plan-to-apply-for-bank-c/