Cryptocurrency platform Crypto.com has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. The company aims to expand its institutional custody services as part of this initiative. A successful application would bolster investor confidence in cryptocurrencies like Bitcoin and Ethereum, as it aligns with established practices by regulated financial institutions. Crypto.com’s CEO Kris Marszalek spearheaded the application, seeking broader federal oversight for increased control over the company’s custody operations. This move signifies a shift towards more robust regulatory frameworks for crypto services within the U.S., which could ultimately encourage wider adoption of digital assets among institutional investors.