✉news BusinessCrypto first seen 19 h ago, last 10 h ago, peak #22
Block Seeks National Trust Bank Charter in Crypto Push
Original: Jack Dorsey's Block Is Looking to Create a National Trust Bank. Here's Why That Could Help to Send Bitcoin Higher.
Block, the payments company founded by Jack Dorsey, is pursuing a national trust bank charter. Analysts suggest the move could benefit Bitcoin, as a federally chartered bank would allow Block to deepen its cryptocurrency services and custody offerings under a clearer regulatory framework. The news has drawn attention from investors watching how banking legitimacy for crypto firms might boost Bitcoin's price and mainstream adoption.
Why now: Investors see the charter as a step toward mainstream regulatory acceptance of crypto, which could lift Bitcoin.
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Evidence
- Jack Dorsey's Block Is Looking to Create a National Trust Bank. Here's Why That Could Help to Send Bitcoin Higher. · Yahoo Finance
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