[Ripple, Circle, BitGo, and Other Five Crypto Companies Approved to Become Trust Banks] Odaily Planet Daily News: Five digital asset companies received conditional approval from the Office of the Comptroller of the Currency (OCC) on Friday to transition into federally chartered trust banks. The approved companies include blockchain company Ripple, Circle's First National Digital Currency Bank, BitGo, Fidelity Digital Assets, and Paxos. These companies previously operated under state charters and will now transition to conditional federal charters. The OCC is the only federal agency that grants charters for banks and trusts. OCC head Jonathan Gould stated that the OCC will continue to provide pathways for both traditional and innovative approaches to financial services to ensure the federal banking system keeps pace with financial developments and supports the modern economy. (Coindesk)