EconomyRevolut hit by Washington crypto boom illusion, exposing massive two-tier banking system
Revolut applied on March 4 to establish an insured US national bank offering deposits, cards, lending and direct Fedwire and ACH access. Nearly six months later, its application remains under review while regulators have approved or converted narrower national trust-bank charters for crypto firms, focused mainly on custody, reserves and digital-asset services rather than full-service insured banking.
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CryptoSlate★★☆☆☆2026-09-03 16:55Original
Revolut hit by Washington crypto boom illusion, exposing massive two-tier banking system
Economy