Deutsche Bank & Standard Chartered Return to Crypto Scene in U.S., Seeking Licenses

Major financial institutions like Deutsche Bank and Standard Chartered are re-entering the US crypto market, a significant shift prompted by recent regulatory developments and renewed interest in digital assets. The Wall Street Journal reports that these global banks, traditionally hesitant about crypto, are now actively exploring ways to expand their presence within the US market, following a period of reduced engagement after the FTX collapse. Senate bills aimed at regulating stablecoins have spurred this renewed enthusiasm for banking licenses and charters, providing new avenues for banks to potentially profit from emerging cryptocurrency trends.