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The Trump administration approved plans to launch five new crypto-focused national banks on Friday local time, as part of its push for the industry to enter the traditional financial system more broadly. Cryptocurrency startups that have received approval from the US Monetary Authority include Circle and Ripple. Paxos, BitGo, and Fidelity Investments also received approval on Friday.

Zhitongcaijing·12/12/2025 19:25:05
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The Trump administration approved plans to launch five new crypto-focused national banks on Friday local time, as part of its push for the industry to enter the traditional financial system more broadly. Cryptocurrency startups that have received approval from the US Monetary Authority include Circle and Ripple. Paxos, BitGo, and Fidelity Investments also received approval on Friday.