Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
OCC Officially Ends Operation Choke Point 2.0 With Approval of Five National Digital Currency Banks

OCC Officially Ends Operation Choke Point 2.0 With Approval of Five National Digital Currency Banks

Coinpedia2025/12/13 10:42
By:Coinpedia
Story Highlights

The Office of the Comptroller of the Currency (OCC) has given the green light to five national digital currency banks. The bold move significantly negates Operation Choke Point 2.0  observed during the Biden administration, which heavily unbanked crypto projects.

Advertisement

According to the announcement, the OCC issued a conditional approval of five national digital currency banks. As such, the five new national digital currency banks join 60 other institutions with trust bank charters. 

Among the five institutions that received conditional approval of national trust banks include:

  • First National Digital Currency Bank.
  • Ripple National Trust Bank.
  • BitGo Bank & Trust.
  • Fidelity Digital Assets.
  • Paxos Trust Company.

“New entrants into the federal banking sector are good for consumers, the banking industry, and the economy. The OCC will continue to provide a path for both traditional and innovative approaches to financial services to ensure the federal banking system keeps pace with the evolution of finance and supports a modern economy,” Jonathan Gould, Comptroller of the Currency, noted .

The approval of five national digital currency banks is a major milestone for the crypto industry, which suffered during the previous administration. Moreover, the collapse and closure of Signature Bank, Silvergate Bank, Synapse Financial Technologies, and Custodia Bank heavily impacted crypto liquidity during the past few years. 

However, under President Donald Trump, the crypto industry has thrived. The conditional approval of the five national digital currency banks has coincided with the ongoing Fed’s monetary policy change, which involves liquidity injection through its Quantitative Easing (QE) and interest rate cuts.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Investing in EdTech and Skills Training to Empower Tomorrow's Workforce

- Global high-growth sectors like AI, renewables, and biotech are reshaping workforce demands, driving rapid STEM education evolution through edtech and vocational training. - AI-powered adaptive learning and immersive VR/AR tools now personalize education, with 36% of 2024 edtech funding directed toward workforce-specific skill development. - Vocational programs and industry partnerships (e.g., U.S. EC4A, EU Green Deal) are closing STEM skills gaps, creating direct pipelines to 16.2M+ clean energy jobs by

Bitget-RWA2025/12/13 13:44
Investing in EdTech and Skills Training to Empower Tomorrow's Workforce

The Rising Influence of EdTech on Career-Focused Investment Prospects

- Global EdTech market grows at 20.5% CAGR to $790B by 2034, driven by STEM/digital skills demand. - STEM workers earn 45% higher wages; 10.4% occupation growth vs 4.0% non-STEM, reshaping labor markets. - 2025 EdTech VC investments show 35% YoY decline, concentrating on AI tools and scalable upskilling platforms. - MENA/South Asia EdTech sees 169% funding growth, addressing equity gaps through global platforms. - AI-driven EdTech and M&A activity (e.g., ETS-Ribbon) highlight sector's shift toward outcome-

Bitget-RWA2025/12/13 13:12

KITE Price Forecast Following Listing: Managing Post-IPO Fluctuations and Institutional Investor Outlook

- Kite Realty Group (KITE) fell 63% post-IPO despite strong retail occupancy and NOI growth, highlighting valuation disconnect between real estate fundamentals and tech IPO expectations. - Institutional sentiment split: COHEN & STEERS boosted holdings by 190% amid industrial pivot, while others divested $18. 3M , reflecting uncertainty over hybrid retail-industrial strategy execution. - Analysts remain divided on $24–$30 price targets, balancing KITE's 7.4% dividend increase and industrial shift against ma

Bitget-RWA2025/12/13 13:12
KITE Price Forecast Following Listing: Managing Post-IPO Fluctuations and Institutional Investor Outlook

The Increasing Importance of Blockchain Education for Strategic Growth in Emerging Markets

- Blockchain education in emerging markets is accelerating token adoption and financial inclusion by addressing technical barriers and fostering trust in decentralized systems. - Trust Wallet Token (TWT) enables low-cost remittances and DeFi access through gas discounts and fee reductions, targeting regions with weak traditional banking infrastructure. - Strategic partnerships like Trust Wallet-EBI and UNDP blockchain training programs amplify TWT's utility in governance, identity management, and cross-bor

Bitget-RWA2025/12/13 12:54
The Increasing Importance of Blockchain Education for Strategic Growth in Emerging Markets
© 2025 Bitget