Ripple, Circle, BitGo Apply for Banking Licenses, Best Crypto to Buy Ahead of Financial Revolution

US crypto companies are now in a race to enter the banking system, backed by Trump’s pro-crypto policies and legislative support.

• Ripple, the payments company behind $XRP, has applied for a national bank charter.
• Circle, the issuer of the stablecoin $USDC, and BitGo, a crypto custody firm, have done the same.
• Popular cryptocurrency exchange Kraken is also planning to launch its own debit and credit cards by the end of this month.

Ripple has already applied for a Fed master account, which would allow it to hold stablecoin reserves directly with the Federal Reserve instead of relying on third-party vaults.

Circle said that securing a banking charter would give crypto firms the much-needed stamp of legitimacy within the U.S. financial system.

Keep reading to learn more about the growing convergence between crypto and traditional banking, and how it sets the stage for explosive growth across the space. We’ll also point you toward the best crypto to buy now to capitalize on this shift.

“GENIUS” Act to Structure Stablecoins

The GENIUS Act, currently pending in the U.S. House of Representatives, aims to regulate the issuance and governance of stablecoins.

According to the proposed legislation, all dollar-pegged stablecoins would need to be backed by the U.S. Treasuries, and only federally regulated banks or entities licensed by the OCC would be allowed to issue them.

This would introduce greater trust and regulatory oversight to stablecoins, which are often viewed as the bridge between traditional fiat and the crypto world.

And it’s not just crypto firms keeping a close eye on the Act. Bank of America is reportedly preparing to launch its own stablecoin once the legislation is finalized.

This vote of regulatory clarity won’t just benefit the giants, but it’ll also create a fertile ground for fresh crypto investments. That’s why now is the perfect time to consider altcoins that are well-positioned to ride this shift.

To help you get started, we’ve handpicked some top cryptos that could rally hard in the coming months.

1. Snorter Token ($SNORT) – Best Crypto to Buy Now, Telegram Trading Bot for Meme Coin Sniping

Snorter Token ($SNORT) is the native cryptocurrency of the Snorter Bot, a new Telegram-based trading tool that offers the perfect blend of advanced features, ease of use, and robust security.

Currently in development, Snorter will enable retail traders to snipe liquidity in newly listed meme coins. At launch, the bot will support Solana, with plans to expand to other blockchains like Ethereum, Polygon, BNB, and Base soon after.

Next, in addition to allowing you to place buy/sell limits and stop orders directly within Telegram chat, Snorter also offers full portfolio management – right from Telegram. No complicated dashboards to wrap your head around.

The best part? Snorter’s simplicity doesn’t come at the cost of user security. It’s got everything needed to keep your funds safe, from front-running protection and rug pull/honeypot detection to independent token verification and safeguards against sandwich attacks.

Buying $SNORT comes with several benefits, including reduced trading fees (just 0.85%), advanced analytics, no daily sniping limits, and dynamic staking rewards (currently yielding 208% annually).

The project is currently in presale, where it has already raised an impressive $1.83M. Each token is available for a low price of $0.0981.

2. Bitcoin Hyper ($HYPER) – New Bitcoin L2 for Solana-Like dApp & Web3 Compatibility

Bitcoin Hyper ($HYPER) could be the altcoin that benefits the most from rising Bitcoin prices, thanks to its unique and utility-driven mission of supercharging the Bitcoin ecosystem.

As it stands, the Bitcoin blockchain isn’t suited for dApps due to slow transaction speeds, high fees, and lack of smart contract support.

$HYPER aims to change this by building a new Layer 2 on Bitcoin, integrating the Solana Virtual Machine (SVM) and a non-custodial, decentralized canonical bridge.

The SVM brings a Solana-like ecosystem to Bitcoin, offering devs the option to build high-performance applications and seamlessly deploy Solana-compatible apps on Bitcoin.

The canonical bridge, meanwhile, enables users to convert native $BTC into wrapped $BTC to interact with various L2 elements, including high-speed DeFi trading, NFT marketplaces, and lending and staking protocols.

Make the most of Bitcoin Hyper’s potential by buying it while it’s still in presale. It has so far raised over $2.7M, and one $HYPER is currently priced at just $0.01225.

3. Altcoin ($ALT) – Viral New Meme Coin Unofficially Representing the Altcoin Season

Altcoin ($ALT) is a new meme coin (or shall we say altcoin?) on the block with no formal utility, roadmap, or underlying mission. And that’s exactly the point.

It’s a community-backed token designed to let meme coin degens show their love for the ongoing altcoin season through a coin literally named “Altcoin.” Well, isn’t that the perfect meta joke?

It has clever branding, too, seeing as the absurdly generic nature of the coin’s name makes it instantly recognizable. Plus, holding $ALT sort of serves as a memetic symbol that you’re backing the current altcoin season.

The token had a fantastic start, rising 131% since its launch just a few days ago. It’s currently trading at $0.005077, which could be a strong entry point, seeing as the “Altcoin” season is only getting started.

Bottom Line

All in all, with major banks and financial institutions tiptoeing into crypto – driven by regulatory clarity and pro-crypto momentum under Trump – we could soon witness a flurry of institutional capital flowing into the space.

As traditional finance seeks to ride crypto’s growth, high-potential projects like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER), which are miles away from their true valuation, stand to benefit the most.

That said, kindly remember that investments in crypto are highly risky. None of the above is, in fact, financial advice, and we recommend you do your own research before investing.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.