December 9, 2020, 11:47PM EST
• 5 min read
The Interchange: Wait, it's all just banks?
- It’s often said that every tech company wants to be a bank. But it hasn’t fully materialized, yet.
- While crypto companies are rapidly pushing the boundaries of market structure and wanting to be banks themselves, so far only Wyoming special state charters have offered early forms of success.
- The recent break-neck pace of crypto banking developments paired with the latest U.S. regulatory rhetoric suggests 2021 is setting up for a potential collision course among crypto national bank charter hopefuls.