The crypto industry is experiencing a shift in relationships with traditional financial institutions as Donald Trump’s second term begins, with regulations loosening to encourage collaboration. President Trump’s promises of transforming the US into a crypto hub have prompted banking giants to seek licenses for crypto services. This change has been reflected in recent regulatory rollbacks by agencies like the Federal Reserve, SEC, and OCC, opening doors for more crypto-related institutions to apply for federal bank charters. Organizations such as Circle, Coinbase Global, Bitgo, and Paxos are actively pursuing US banking charters, while others like Bank of America are exploring stablecoin creation. With Trump’s administration’s policies pushing for increased collaboration between these sectors, the financial landscape is becoming increasingly intertwined.