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Occ Greenlights Ripple, Circle, Paxos, Bitgo, Fidelity as ...

The OCC conditionally approved five digital asset firms for national trust bank charters, announcing the decision Friday and prompting statements from Paxos Trust Co.
Applying longstanding standards, the Office of the Comptroller of the Currency said it applied the same rigorous review used for all charter applications, Comptroller of the Currency Jonathan Gould said Monday.
Circle's First National Digital Currency Bank and Ripple National Trust Bank received de novo approvals, while Paxos Trust Co., BitGo Bank & Trust, and Fidelity Digital Assets will convert state charters, according to OCC statements.
The approvals will enable customers to innovate and grow digital-asset businesses safely within the U.S., joining about 60 national trust banks, as Nathan McCauley praised the step.
Not all applicants were approved, with Coinbase and Bridge left out Friday, while Greg Baer, CEO of the Bank Policy Institute, urged the Office of the Comptroller of the Currency to reveal more details and noted Anchorage Digital Bank's 2021 charter set a mixed precedent.

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