Fintech and cryptocurrency companies are actively pursuing bank charters in light of regulatory changes in the United States under the Trump administration. These firms believe that obtaining such charters will allow them greater access to traditional banking services and enhance their operational capabilities. The push for charters is motivated by the desire to establish a more formal banking presence which would provide them with direct access to the Federal Reserve's payment system and the ability to offer a wider range of financial services. Amidst evolving regulations, these innovations in fintech are seen as a critical way for companies to operate more effectively within the legal frameworks while also expanding their influence in the traditional banking sector.

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