Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging NYT | Top Stories By: Stacy Cowley 27 May 2026 at 17:02 Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters. © Kim Raff for The New York TimesPaul Gu, the chief executive of Upstart, an online lender seeking a bank charter. “It was just a natural next step for us,” Mr. Gu said.
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