US crypto and fintech firms are now looking to secure national or state bank charters, which would allow them to operate as banks in the country. This move is believed to be propelled by Trump’s aggressive pro-crypto economic approach. We unpack what this means and take a look at some of the best meme coins to buy as the industry expands. Bank Charter Benefits According to Reuters, more than half a dozen industry executives, fintech firms, and crypto companies are looking to expand their business by applying to become state or national banks. Acquiring the status of a bank comes with its own advantages to crypto firms. It lends credibility, leading to an increase in crypto adoption Firms can operate with less capital and reduce their cost of doing business It reduces borrowing costs as firms can accept deposits instead On the flip side, banks are subjected to stricter scrutiny and regulatory requirements. Between 2000 and 2007, a total of 144 bank charters were handed out in the US. By comparison, only five bank charters were approved on average per year between 2010 and 2023. Now that there’s been a major sea change in the administration, industry experts believe regulators may adopt a more lenient approach to awarding bank charters. There are rumblings of that already. SmartBiz, a fintech firm, recently bagged a bank charter, becoming the first fintech firm to do so since 2021. Work Continues Apace In other bullish news, Bedrock, a leading multi-asset crypto company with more than $500M in Total Value Locked (TVL) has joined hands with Pentabase, a Korean Web3 marketing firm, to increase its brand awareness in the Korean market. Also, according to a survey conducted by Coinbase and EY-Parthenon, over 83% of institutions plan to increase their allocation of crypto assets in 2025. More than 84% of these institutions have already invested in stablecoins for purposes like yield, cash management, and foreign exchange and payments. The survey also reveals that around 75% of participants hold cryptocurrencies besides $BTC and $ETH. Taken together, these signals are just more confirmation of how the crypto industry is growing and how the business community has embraced the more relaxed regulatory environment. If you want to make the most of the moment, it’s time to take a look at some of the best meme coins. These are cryptos on steroids, and if you happen to pick the right tokens, you could turn a tidy profit pretty quickly. 1. Best Wallet Token ($BEST) – Best Meme Coin to Buy for First-Time Investors With the crypto industry taking off, the demand for a privacy-first crypto wallet is higher than ever. Especially after malicious attacks like the recent Bybit hack. This is why Best Wallet, a non-custodial crypto wallet that uses cutting-edge cryptographic techniques, has been gaining serious attention. As has its proprietary token, $BEST, which has raised a total of $11M in a very short time. The success of the presale is proof investors are keen to ride Best Wallet’s growth. The app is, after all, expected to capture over 40% of the crypto wallet market by 2026. As a $BEST token holder, you won’t just benefit from an increase in the crypto’s price when the wallet takes off. You’ll also get a bundle of unique perks within the Best Wallet ecosystem. From a high 140% staking APY to the earliest access to top crypto presales, as well as lower transaction fees on the Best Wallet App, the advantages of owning $BEST are considerable. You can join the presale now for just $0.0244. If you need further help, here’s a guide on how to buy Best Wallet Token. 2. MIND of Pepe ($MIND) – Unique New Meme Coin Offering Crypto Investment Advice The crypto market is expanding at breakneck speed. That means more innovation, more projects, more tokens, and, therefore, more investment opportunities. However, given the plethora of cryptos available, investors could use a revolutionary AI agent coin like MIND of Pepe ($MIND)that takes the effort out of finding the best ones. $MIND is designed to be fully autonomous and self-evolving. It can talk to crypto influencers online and make sense of all the different opinions to finally narrow down the tokens worth investing in. Simply put, $MIND will identify the next cryptos to explode, becoming your personal trading buddy and helping you generate handsome profits. Additionally, $MIND will learn through every single interaction. And one day, it’ll become smart enough to launch its own tokens. Access to these cryptocurrencies will be reserved for $MIND holders. As the token is still in presale, becoming a $MIND holder is currently super cheap. All you have to do is visit the official MIND of Pepe website and grab each token for just $0.0035518. The project has so far raised over $7.4M and is easily among the best new cryptos. Here’s how to buy $MIND. 3. Tutorial ($TUT) – Educational Tool for Everything Crypto Tutorial ($TUT) has emerged as one of the best altcoins right now. It’s a unique initiative that aims to educate people about cryptocurrency, DeFi, blockchain technology, and especially the BNB network. It was initially built as a demonstration token, informing users about the entire process of launching a token on the BNB chain, but has grown so fast that it’s now a serious contender. Thanks to its one-of-a-kind proposition, $TUT exploded almost immediately after its launch towards the end of February. It has gained over 3,441% in the last seven days and is easily the top trending crypto at the time of writing. 1 $TUT is currently available for just $0.02839. Get in while it’s still hot! Verdict As mentioned earlier, there’s no stopping the crypto train, and we’re seeing a surge in adoption and new tokens. Although this means you have more investment opportunities, you must exercise caution lest you’re caught up in a rug pull or an out-and-out scam. That’s why it’s important to do proper hands-on research on every single token you wish to invest in. Also, start with a small amount, and avoid putting all your eggs in one basket. Diversification is your friend! Lastly, none of our articles is meant as a substitute for sound financial advice from a professional.
source: https://www.newsbtc.com/news/best-meme-coins-to-buy-as-crypto-firms-pursue-bank-charters/
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