Crypto.com Wins Conditional Green Light for US National Trust Charter

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Crypto.com has been granted conditional approval by the Office of the Comptroller of the Currency (OCC) to pursue a national trust bank charter, marking a significant step toward becoming a federally supervised custodian in the United States.

The development comes as the regulatory backdrop shifts in a more industry-friendly direction under President Donald Trump, with authorities softening previous enforcement efforts and constraints on crypto firms.

With the charter, Crypto.com would be permitted to hold and administer client assets and oversee trade settlement within a federally regulated structure. The license would not, however, allow the company to accept retail deposits or extend credit.

The exchange said that once final authorization is secured, it will operate as a national trust bank subject to OCC oversight.