A major milestone for Bitcoin infrastructure: the U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved three prominent digital asset firms—BitGo, Fidelity Digital Assets, and Paxos—to transition from state-regulated trust companies into federally chartered national trust banks. This approval marks a significant step toward mainstream institutional adoption of cryptocurrency infrastructure, as these firms gain enhanced regulatory standing and broader operational capabilities under federal oversight. The conversion enables them to operate under a unified national banking framework rather than navigating the fragmented patchwork of state regulations, potentially streamlining compliance and expanding their service offerings to institutional clients.