Crypto Firms Seek U.S. Bank Charters as Bitcoin Hovers at $108K – Ripple, Circle, BitGo in Focus
📅 July 6, 2025 | CRYPTO MIND – AI
🏦 Ripple, Circle & BitGo Apply for U.S. Bank Charters
Major crypto firms including Ripple, Circle, and BitGo have officially applied for U.S. national trust bank charters with the OCC. This move aims to gain direct access to the Fed’s systems and operate stablecoin and custody services under full federal supervision.
Ripple also seeks a Federal Reserve master account to integrate RLUSD stablecoin within Fed rails. Industry experts say these filings are more likely to be approved due to recent regulatory shifts including the Genius Act.
📈 Bitcoin Consolidates Around $108K
BTC is holding between $107,000 and $110,500 as of July 6. After a brief rally last week, momentum has slowed. Analysts say a clear breakout above $110.5K is required for BTC to continue its bullish trajectory. Until then, sideways movement is expected.
⚠️ Physical Attacks on Crypto Holders on the Rise
In a disturbing trend, over 231 cases of physical threats — including robbery, kidnapping, and extortion — have been reported targeting crypto investors in the last 18 months. Victims were often identified through blockchain analytics or KYC data leaks.
Experts urge holders to use cold storage, avoid public exposure, and implement additional security like 2FA, travel safety, and secure wallets.
🌐 FATF: 70% of Nations Failing Crypto Crime Compliance
The global watchdog FATF revealed that only 40 of 138 countries meet anti-money laundering standards for crypto. In 2024 alone, more than $50 billion in illicit crypto flowed through unsafe channels.
This includes laundering operations linked to North Korea, terror groups, and darknet cartels. Major exchanges like ByBit have suffered losses of over $1.5B in coordinated hacks this year.
📊 Final Insights
- 🏛️ Charter Race: Ripple, Circle & BitGo move toward federal regulation for trust & access.
- 📉 BTC in Limbo: Price holds near resistance – breakout will set next direction.
- 🔐 Safety First: Investors must prioritize digital and physical security urgently.
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🌍 Expert Summary: What This Means for Global Crypto
➤ Institutional Legitimacy: Ripple, Circle, and BitGo seeking charters reflects how serious crypto firms now align with global banking rules.
➤ Bitcoin’s Calm Before the Storm: BTC’s sideways move near $108K is a signal — not stagnation — but preparation for a breakout.
➤ Investor Urgency: While adoption rises, so do threats. 2025 will reward informed, secure, and globally aware investors.
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🧠 The Future of Crypto Belongs to the Informed
2025 is not just about trading—it's about surviving safely, aligning with regulation, and moving with smart capital. Stay sharp. Stay secure. Stay with CRYPTO MIND – AI.
📢 Disclaimer
This article is for informational purposes only. It does not constitute financial advice. Please conduct your own research (DYOR) before investing.
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