Davis Polk partner David Portilla was quoted in Capitol Account discussing the recent uptick in bank charter applications.

The article noted that crypto firms in particular see trust charters as an appealing vehicle for stablecoins or other ventures to operate under a single set of national rules.

“The OCC is by far the leader among the federal banking agencies in providing clarity around digital asset-related and blockchain-enabled activities,” David said. “The predictability has led to a lot of the interest in applying.”

“Trump’s Regulators Spark a Bank Charter Boom,” Capitol Account (May 27, 2026) (subscription required)

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