Is Paxos applying for broader U.S. regulatory authority beyond state-level oversight?

Yes—Paxos recently applied for a national trust bank charter from the U.S. Office of the Comptroller of the Currency (OCC). This federal charter would elevate supervisory standards, though it would not authorize traditional banking functions like deposit-taking or loan issuance. Paxos previously received conditional OCC approval in 2021, but that lapsed in 2023.