Deutsche Bank, Standard Chartered Explore Deeper Crypto Presence in US

Major global banks like Deutsche Bank and Standard Chartered are reevaluating their strategies regarding cryptocurrency, with a group exploring ways to expand their operations in the U.S., according to sources familiar with the matter. This shift reflects a growing interest from traditional financial institutions after the recent downturn in the crypto market following the FTX collapse and the closures of several crypto-focused banks. As President Trump has pledged to make America a more favorable environment for cryptocurrency, this renewed focus is expected.