Revolut filed an application with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) on March 4 to establish Revolut Bank US as an insured national bank. ^[1] The Office of the Comptroller of the Currency (OCC) granted Revolut conditional approval to establish a national bank in the United States. ^[2] Federal regulators conditionally approved or converted bank charters for Circle, Ripple, Coinbase, Paxos, BitGo, and other crypto firms during the same period. ^[3] Revolut's application seeks a full-service insured national bank charter, whereas the crypto firms received narrower national trust-bank approvals focused on custody and reserves. ^[4] The proposed Revolut Bank US would offer deposit accounts, credit cards, consumer and commercial lending, cross-border payments, and investment services. ^[5] Revolut CEO Nik Storonsky stated that the conditional OCC approval provides a foundation to build banking infrastructure in the world's largest financial market. ^[6] Revolut must still satisfy OCC conditions and obtain approvals from the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve before it can start banking operations. ^[7] OCC Chief Jonathan Gould stated that entities engaging in activities involving digital assets should have a pathway to become federally supervised banks if they meet requirements. ^[8]