On July 14, according to the Financial Times, cryptocurrency companies are accelerating their entry into the traditional banking industry in the United States, taking advantage of the Trump administration's friendly regulatory environment for digital assets. Ripple, Circle and BitGo have applied for a National Trust Bank license, which allows them to provide crypto asset custody and payment processing services without requiring state-by-state licenses to operate nationwide. Circle applied to establish a "First Country Digital Currency Bank" to strengthen the USDC stablecoin infrastructure and comply with the requirements of the GENIUS Act. Ripple also applied for the Federal Reserve's main account to directly hold stablecoin reserves. At the same time, Kraken plans to launch debit and credit cards before the end of this month. He has no intention of applying for a full banking license and focuses on the integration of encryption instruments and financial services. Market analysis points out that the Trump administration's open attitude and progress in stablecoin legislation have promoted this trend, but regulatory approval remains uncertain.