Following Donald Trump’s presidency, cryptocurrency firms are actively seeking licenses to ensure consistent operation and growth potential in the United States. By obtaining these crucial permits, they can navigate regulatory shifts and continue serving their customers even with changes in U.S. leadership. Coinbase is at the forefront of this trend, recently applying for a trust bank charter license from the U.S. Office of the Comptroller of Currency (OCC). This move enables them to offer broader financial services beyond asset custody, including payments and settlements, transforming into a lender capable of accepting deposits that are distinct from typical bank licenses. While not intending to become a traditional bank, this OCC license could significantly boost Coinbase’s growth trajectory, according to Greg Tusar, President of Institutional Services at Coinbase. Coinbase’s initiative is part of a wider trend in the U.S. crypto industry as companies like Circle (USDC stablecoin), Ripple, and Tether are also seeking similar licenses. These applications mark a significant step towards integrating cryptocurrencies with traditional financial systems, especially crucial during periods of market uncertainty.