Circle and BitGo are preparing to apply for U.S. bank charters, marking a significant move within the cryptocurrency industry as regulatory landscapes evolve. This initiative follows Anchorage’s lead in securing a banking charter for a crypto firm, creating a precedent that Circle and BitGo aim to follow. Obtaining these licenses could bolster operational legitimacy and enable expanded services for customers. Industry experts predict this trend of seeking banking charters may pave the way for increased integration of cryptocurrencies into traditional financial systems. Such changes could foster greater consumer confidence while attracting institutional investment in the crypto space.