Revolut has received conditional approval from the Office of the Comptroller of the Currency to establish Revolut Bank US, moving the U.K.-based fintech closer to a full-service U.S. banking operation after a six-month review. The proposed Stamford, Connecticut-based bank targets a first-half 2027 launch but still requires approval from the Federal Deposit Insurance Corporation, the Federal Reserve and final OCC clearance. Once authorized, it plans to offer checking accounts, loans, credit cards and foreign exchange, with stablecoins and broader crypto services expected to follow. Revolut has already launched EURR, a euro-backed stablecoin that has drawn mixed reactions. Founder and CEO Nik Storonsky called the conditional approval an important first step toward bringing the full Revolut experience to Americans. The decision follows conditional national trust bank charter approvals for Coinbase, Paxos, BitGo, Ripple and Circle, while World Liberty Financial's approval has raised conflict-of-interest concerns. OCC chief Jonathan Gould has said digital-asset and other technology companies should have a legitimate route to federal supervision if they meet charter requirements. The development comes as progress on the CLARITY Act faces further delays, leaving lawmakers a narrow legislative window before the midterm elections. The global cryptocurrency market cap recently rose more than 4% in 24 hours to $2.8 trillion, a recovery the report said could support more favorable conditions by the fourth quarter of 2026.