Rumors about Circle’s application for a U.S. federal banking license have been dismissed by the company’s Chief Strategy Officer, Dante Disparte. In an X post, Disparte clarified that Circle currently has no intention of obtaining a federal banking license or acquiring a depository institution. Instead, they will explore options such as trust licenses at the federal or state level, or other non-bank financial institution permits, in line with stablecoin regulatory requirements. This follows recent reports suggesting Circle and other crypto firms like BitGo were considering applying for a banking license. Disparte urged legislative bodies to establish clear regulatory frameworks for stablecoins.