Trump Administration Official Pushes Crypto Into US Banking System

Trump Administration Official Pushes Crypto Into US Banki... Trump Official Pushes Crypto Into US Banking System The post Trump Administration Official Pushes Crypto Into US Banking System appeared first on Cryptonews. The wall between Wall Street and crypto is coming down under Trump Administration.Comptroller of the Currency Jonathan Gould has reportedly greenlighted major crypto firms including Ripple and Crypto.com to pursue national banking charters. He is actively encouraging payment technology companies to enter the federal banking system.On top of that, Gould is moving to rescind Biden-era guidance that forced banks to seek supervisory approval before touching digital assets. The Chokepoint 2.0 era is effectively over.For traders this is not just regulatory housekeeping. Access to Federal Reserve payment rails and the ability to hold direct deposits is the single biggest bottleneck keeping institutional capital out of crypto.That bottleneck is being removed. Key Takeaways: Jonathan Gould is actively inviting crypto firms like Ripple and Crypto.com to apply for national banking charters. The move rescinds 2021 guidance requiring "supervisory nonobjection," streamlining custody and stablecoin operations. Traditional banks are pushing back, arguing these new entrants will bypass strict capital requirements while accessing Fed payment rails. What the Trump Administration's Banking Crypto Push Actually InvolvesThe OCC's old approach was simple. Want to touch crypto? Get written permission first. That nonobjection requirement acted as a pocket veto, killing bank-crypto partnerships before they started.Gould is flipping the default. Permissible unless prohibited. Firms like Ripple can now build banks directly, bypass third-party intermediaries, and settle transactions through the Federal Reserve via FedNow or Fedwire. Lower costs. Faster settlement. No middleman.The policy aligns with the President's Working Group on Digital Asset Markets, which mandates a stablecoin integration report by July 2025. The OCC is not waiting for legislation. It is using existing authority to front-run the process. BREAKING: Banks just REVEALED where crypto's REAL ENDGAME is! Market Context The cryptocurrency market remains highly dynamic, with digital assets experiencing significant price movements driven by institutional adoption, regulatory developments, and technological innovations. Investors should consider both the potential rewards and risks associated with crypto investments. Key Takeaways Stay updated on cryptocurrency market developments and price movements Monitor regulatory news that could impact digital asset valuations Consider risk management strategies for volatile crypto investments Published: March 18, 2026 | Source: CryptoNews