Crypto.com wins initial approval for U.S. federally regulated crypto custodian bank

Crypto.com has successfully received initial approval to operate as a federally regulated crypto custodian bank in the United States, marking a significant milestone for the company as it seeks to enhance its services and provide greater security and trust for its customers in the rapidly evolving cryptocurrency market. This approval signifies a step toward compliance with regulatory standards, positioning Crypto.com to play a pivotal role in the mainstream adoption of digital assets while ensuring that client funds are safeguarded under federal oversight. source: https://www.coindesk.com/policy/2026/02/23/crypto-com-approved-for-u-s-federally-regulated-crypto-custodian-bank