Davis Polk partner David Portilla discussed how crypto firms are increasing their efforts to enter the U.S. banking sector due to a more favorable regulatory climate with the Financial Times.

The article notes that a number of crypto companies are seeking to diversify into traditional consumer banking. “This administration has indicated that they’d be open to charter applications in a way that the prior administration was not,” David explained.

“Crypto companies race to secure banking foothold in US,” Financial Times (July 13, 2025) (subscription required) 

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