- Deutsche Bank and Standard Chartered are planning a return to the US crypto market, reversing course after years of retreat post-FTX and crypto bank failures.
- Their renewed interest follows regulatory softening under President Trump, including leadership changes at the SEC and friendlier policy signals.
- The move aligns with crypto-native firms like Coinbase and Circle pushing for legitimacy through banking licenses and IPOs, amid a more stable market environment.
After years of sitting on the sidelines, major global banks are reportedly looking to re-enter the US crypto scene.
According to a report from The Wall Street Journal, a group of major international banks, including Deutsche Bank and Standard Chartered, is considering plans to expand their cryptocurrency operations in the United States.
While the report doesn’t exactly spell out the scope or timeline, the renewed interest follows a years-long retreat that began with the collapse of FTX and the rapid unraveling of crypto-friendly banks like Silvergate and Signature.
Related: Gold Surges, Crypto Holds Steady as Stocks Sink on Shifting Trump Policies
A Piece Of The Action
What changed is obvious, and it starts with the political tone set by President Trump, which also meant a change in management of agencies like the Securities and Exchange Commission (SEC)
All in all, it seems institutional players are ready to test the crypto waters again. Their comeback coincides with a broader push from crypto-native companies to go legit, at least on paper.
Coinbase, Circle, Paxos, and BitGo are all reportedly preparing to apply for US bank charters or licenses in an effort to solidify their regulatory footing. As Crypto News Australia reported, stablecoin giant Circle (USDC) is setting the table for its initial public offering (IPO).
Related: World Liberty Financial, Backed by Trump Family, Lands $25 Million Injection
The bear market, which began in 2022 and extended through the end of 2023, led many institutions to pull back. With that in mind, the crypto market now appears more stable—albeit modestly—while regulatory narratives, though still fragmented, seem to be shifting in a less hostile direction.
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