Crypto.com has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to advance its application for a federal charter as a national bank. This approval will allow the cryptocurrency exchange to offer digital asset custody and staking services under a federal regulatory framework. Co-founder and CEO Kris Marszalek emphasized the company's commitment to compliance and secure services, aiming to provide institutional clients with a comprehensive custodial solution. Crypto.com joins other firms like Ripple, Circle, and BitGo in receiving conditional OCC approval for federal banking status. A national trust bank charter will subject the company to federal oversight, enabling it to custody and safeguard client assets more effectively. The OCC has recently clarified that U.S. banks can engage in crypto activities, reducing compliance burdens and fostering a more favorable environment for digital asset services.