Crypto.com, a digital assets trading platform headquartered in Singapore, has formally sought a National Trust Bank Charter from the US Treasury’s Office of the Comptroller of the Currency (OCC). This ambitious move follows their recent strategic push for global expansion. The application is part of Crypto.com’s effort to leverage regulated banking operations under US federal jurisdiction and navigate the complexities of state-level financial laws in the United States. This potential approval, which requires a thorough assessment by the OCC, could significantly impact the platform’s future operations and standing within the American market. 24 hours after the announcement, Cronos (CRO) experienced a brief price surge, reaching a peak of $0.0153 before settling back to $0.0146. This action follows a trend among cryptocurrency firms seeking to expand their reach by applying for banking charters in the US, with companies like Coinbase and others also pursuing similar regulatory approvals to streamline operations and integrate digital assets into traditional finance.