{"id":72069,"date":"2026-05-05T06:56:53","date_gmt":"2026-05-05T06:56:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/why-the-crypto-industry-is-finally-embracing-legacy-finance\/"},"modified":"2026-05-05T06:56:53","modified_gmt":"2026-05-05T06:56:53","slug":"why-the-crypto-industry-is-finally-embracing-legacy-finance","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/why-the-crypto-industry-is-finally-embracing-legacy-finance\/","title":{"rendered":"Why the Crypto Industry Is Finally Embracing Legacy Finance"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li data-path-to-node=\"1,0,0\"> <span>Blockchain<\/span> Capital\u2019s Spencer Bogart notes over 20 <span>crypto<\/span> firms now seek OCC charters to integrate with banks.<\/li>\n<li data-path-to-node=\"1,1,0\">Securing 1 federal OCC charter gives firms like Ripple credibility to attract serious institutional capital.<\/li>\n<li data-path-to-node=\"1,2,0\">Next, 20+ OCC-chartered <span>crypto<\/span> firms, like Coinbase, will unlock large banks and sovereign wealth funds.<\/li>\n<\/ul>\n<h2>The End of the Decentralized Fantasy: Why <span>Crypto<\/span> Firms Are Now Seeking to Become Banks<\/h2>\n<p>The <span>cryptocurrency<\/span> industry has gone from professing a mentality of substituting the current financial system to just seeking to become an alternative and integrate with legacy financial rails.<\/p>\n<p>Spencer Bogart, general partner at <span>Blockchain<\/span> Capital, explained that this change, which shifted the trend for <span>crypto<\/span> companies, had to do with how financial rules are enforced now and the conditions set by banks to work with <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> companies.<\/p>\n<p><\/p>\n<p>Bogart <a href=\"https:\/\/x.com\/CremeDeLaCrypto\/status\/2050587159078539412?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">stressed<\/a> that <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> companies, while aiming to be bank-like, did not want to become banks because of the burdens that this classification involved. <strong>\u201cThey didn\u2019t want the regulatory constraints, compliance burden, or the lower market multiples. They wanted to get close but not cross the line,\u201d<\/strong> he assessed.<\/p>\n<p>Nonetheless, over 20 <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> companies, including heavyweights like Ripple and Coinbase, are pursuing or have already obtained Office of the Comptroller of the Currency (OCC) charters.<\/p>\n<p>Bogart explained that this shift is linked to the collapse of the sponsor bank model, as banks were co-opted into dropping some customers, including crypto-linked businesses, elevating the risk of isolation.<\/p>\n<p>While the OCC charter is rather limited in its scope and does not allow these companies to receive deposits or open lending opportunities, he acknowledges that it gives them <strong>\u201ca single federal license, one regulator and, perhaps most importantly, the credibility to be a counterparty to serious institutional capital.\u201d<\/strong><\/p>\n<p>This simplifies regulatory compliance and unlocks the largest banks and sovereign wealth funds as customers, allowing <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> firms to comply with their stringent requirements, opening these markets to grow their customer base.<\/p>\n<p><strong>\u201cA federally chartered and supervised institution clears those filters much cleaner than a state-licensed model does,\u201d <\/strong>Bogart concluded.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/from-rebels-to-banks-why-the-crypto-industry-is-finally-embracing-legacy-finance\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Blockchain Capital\u2019s Spencer Bogart notes over 20 crypto firms now seek OCC charters to integrate with banks. Securing 1 federal OCC charter gives firms like Ripple credibility to attract serious institutional capital. Next, 20+ OCC-chartered crypto firms, like Coinbase, will unlock large banks and sovereign wealth [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72069"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72069"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72070"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}