Paxos Applies for National Trust Bank Charter, Signaling a New Era of Regulated Crypto
Something quietly groundbreaking surfaced today in crypto finance: Paxos, already known for issuing PayPal’s PYUSD, made a big move—it’s applying for a national trust bank charter. This isn’t small-scale. If approved, Paxos would shift from a state-level regulator to a fully federal supervisory structure—a change that could reshape how crypto firms are perceived and regulated…