Today in crypto, Crypto.com has applied for a US trust bank charter license. Meanwhile, the feud between Fetch.ai and the Ocean Protocol Foundation may be nearing resolution, and Polymarket odds of Sam Bankman-Fried receiving a pardon this year have surged.
Crypto.com pushes for federal footing with US trust bank charter application
Crypto.com is the latest crypto company to apply for a US National Trust Bank Charter, seeking federal approval to expand its custody and staking services nationwide.
In a Friday announcement, the Singapore-based crypto exchange said it plans to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients under the US banking framework overseen by the Office of the Comptroller of the Currency (OCC).
A National Trust Bank Charter is a federal license from the OCC that lets a company operate as a limited-purpose trust bank. Instead of taking deposits or making loans, a trust bank focuses on holding, managing and safeguarding assets for clients.
The company is already licensed as a trust in New Hampshire.
Crypto.com isn’t the first crypto company to file for a US National Trust Bank Charter. In April 2025, Cointelegraph reported that several crypto companies, including BitGo and Circle, were considering applying for US bank charters.
Fetch.ai offers to drop lawsuit if Ocean Protocol returns 286M FET tokens
The feud between Fetch.ai and Ocean Protocol Foundation may be drawing to a close as the two sides look to reach a middle ground without escalating into a full-blown legal battle.
On Thursday, Fetch.ai said it would cancel all pending legal claims against the Ocean Protocol Foundation if the latter returned the 286 million Fetch.ai (FET) tokens that were allegedly sold during their merger.
“They are expecting a legal proposal from us for the return of the tokens,” said Fetch.ai CEO Humayun Sheikh, during a Thursday X Spaces show, adding:
“You can have my letter tomorrow. The offer is simple: give my community back the tokens. I will drop every legal claim.”
Sheikh also offered to cover the legal costs of the pending contract, which would lead to the recovery of the tokens.
Ocean Protocol will agree to return the tokens if the offer is officially put on paper, said FET-based validator node GeoStaking, the protocol that helped broker the deal.
However, the Ocean Protocol Foundation was still awaiting an official written proposal from Fetch.ai at the time of writing.
“We have asked time and again for a written proposal to our attorneys which can then be properly vetted, digested and have received none. Until then, we cannot take any verbal offers seriously or at face value,” a spokesperson for the Ocean Protocol Foundation told Cointelegraph.
Polymarket bets that Sam Bankman-Fried gets pardon surge to 12%
Polymarket bettors have now tipped a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned this year, after Binance CEO Changpeng “CZ” Zhao was let off the hook this week.
Polymarket odds for “Who will Trump pardon in 2025” saw SBF’s odds rise from 5.6% to 12% in 12 hours, with more than $6.5 million worth of bets placed in that market, including $302,090 for the convicted crypto fraudster.
Another market on whether SBF will be “Released from custody in 2025” rose from 4.3% to 19.1% before falling back to 15.5%.
While SBF has filed an appeal to reduce his 25-year sentence, it is unlikely that there would be any significant developments before the end of the year, meaning a pardon from Trump is likely his only realistic path to release before January.
