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The barrier between Wall Street and cryptocurrency is diminishing under the Trump Administration.
Comptroller of the Currency Jonathan Gould has reportedly approved significant crypto companies such as Ripple and Crypto.com to seek national banking charters. He is actively promoting the entry of payment technology firms into the federal banking framework.
Additionally, Gould is working to revoke guidance from the Biden era that required banks to obtain supervisory approval prior to engaging with digital assets. The Chokepoint 2.0 phase is essentially concluded.
For traders, this is more than just regulatory adjustments. Gaining access to Federal Reserve payment systems and the capability to hold direct deposits represents the primary obstacle preventing institutional investment in cryptocurrency.
This obstacle is being eliminated.
Key Takeaways:
- Jonathan Gould is actively encouraging crypto companies like Ripple and Crypto.com to apply for national banking charters.
- This action revokes 2021 guidance that mandated “supervisory nonobjection,” simplifying custody and stablecoin operations.
- Traditional banks are expressing concerns, claiming these new entrants will circumvent stringent capital requirements while accessing Federal Reserve payment systems.
What the Trump Administration’s Banking Crypto Initiative Actually Entails
The OCC’s previous strategy was straightforward. Want to engage with crypto? Obtain written consent first. That nonobjection stipulation functioned as a pocket veto, stifling bank-crypto collaborations before they could begin.
Gould is reversing the default. It is permissible unless explicitly prohibited. Companies like Ripple can now establish banks directly, eliminate third-party intermediaries, and process transactions through the Federal Reserve using FedNow or Fedwire. Reduced costs. Quicker settlements. No intermediaries.
This policy is in line with the President’s Working Group on Digital Asset Markets, which requires a stablecoin integration report by July 2025. The OCC is not waiting for new legislation. It is leveraging existing authority to expedite the process.
BREAKING: Banks just REVEALED where crypto’s REAL ENDGAME is!
Caitlin Long, CEO of Custodia Bank, states the REAL PRIZE isn’t today’s $313 BILLION in Stablecoins — it’s the $5.7 TRILLION in U.S Demand Deposits that are about to be transformed into “Tokenized Bank Deposits”
pic.twitter.com/W4gCOUZIRy
—
ChartNerd
(@ChartNerdTA) March 15, 2026
Caitlin Long, CEO of Custodia Bank, states the REAL PRIZE isn’t today’s $313 BILLION in 
ChartNerd
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The timing is influenced by two factors: political capital and competitive urgency.
The crypto sector invested over $250 million to support pro-innovation candidates in 2024. With as many as 278 pro-crypto members currently in Congress, the political resistance to change has diminished. Agencies are hurrying to adapt.
The offshore challenge is another source of pressure. Stablecoin liquidity has been shifting to regions with clearer regulations. The EU’s MiCA framework is advancing rapidly. The OCC is attempting to retain that liquidity domestically before Europe secures it permanently.
The administration is not being discreet about any of this. The barrier is coming down swiftly.
The $3 Trillion Opportunity — and the Risk Banks Face
The implications for traditional banks are critical.
Crypto firms with national charters are no longer merely clients. They become direct competitors for deposits. Five major regional banks have already anticipated this shift and initiated the Cari Network, a private blockchain payment system, specifically to protect their settlement market share.
Today marks a new chapter for U.S. banking.
The Cari Network, developed alongside five regional banks, is creating a new platform to bring tokenized deposits onchain.
Secure. Private. Within the regulatory framework. Powered by ZKsync’s Prividium. pic.twitter.com/TZYafawLV9— ZKsync (@zksync) March 17, 2026
The competition centers around a projected $3 trillion stablecoin market by 2030. Banks that are unable to manage crypto or directly settle stablecoin transactions will forfeit the fastest-growing segment of the payments industry to fintech competitors. This represents a significant loss.
The risk for crypto is the opposite side of the same coin. A regulatory backlash could occur. The banking lobby is already contending that crypto banks will not be subject to the same capital requirements as traditional financial institutions. If Congress acts too aggressively to equalize the playing field, the utility of these new charters may be stifled before it can be fully realized.
The green light is on. However, the path still has challenges.
Discover: The best new crypto in the world
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