PANews reported on July 14 that according to the Financial Times and other media, cryptocurrency companies are accelerating their entry into the traditional US banking industry, taking advantage of the Trump administration's friendly regulatory environment for digital assets. Ripple, Circle and BitGo have applied for national trust bank licenses, which allow them to provide crypto asset custody and payment processing services without having to apply for licenses state by state, and to operate nationwide. Circle applied to establish the "First National Digital Currency Bank" to strengthen the USDC stablecoin infrastructure and comply with the requirements of the GENIUS Act. Ripple also applied for a Federal Reserve master account to directly hold stablecoin reserves. At the same time, Kraken plans to launch debit and credit cards by the end of this month, with no intention of applying for a full banking license, focusing on the integration of crypto tools and financial services. Market analysis points out that the Trump administration's open attitude and the progress of stablecoin legislation have promoted this trend, but regulatory approval remains uncertain.