Circle, BitGo, Coinbase and Paxos Planning To Apply for Banking Licenses or Similar Authorizations: Report

Four major crypto companies are seeking various banking licenses in a strategic effort to integrate digital assets with traditional financial systems, according to a new Wall Street Journal report. source: https://dailyhodl.com/2025/04/21/circle-bitgo-coinbase-and-paxos-planning-to-apply-for-banking-licenses-or-similar-authorizations-report/