Crypto.com has made significant progress in its bid to become a federally regulated bank in the United States. The company has secured conditional approval from the Office of the Comptroller of the Currency (OCC), but still needs to fulfill certain requirements.
The OCC's approval is subject to Crypto.com meeting specific conditions and addressing regulatory concerns, including financial stability and risk management. This development marks a crucial step towards Crypto.com becoming a fully-fledged bank in the US.