The First Approved Cryptocurrency Bank in the US Adds Support for Altcoin That Recently Reached a Settlement with the SEC! A First for Altcoin!

While the US-Iran war and its effects have been the main topic of discussion in the market in recent weeks, positive news continues to emerge.

At this point, the latest news comes from the US and Tron ($TRX).

Accordingly, Anchorage Digital, the first federally authorized cryptocurrency bank in the US, announced that it has added support for TRON custody and Tron network staking.

The bank said in a statement that it will add support for the Tron blockchain, starting with an institutional custody service for $TRX, the network’s native token.

Thus, Anchorage Digital became the first federally authorized US company to bring Tron under regulatory protection.

Anchorage will initially support the $TRX custody service and will later be phased in to support TRC-20 assets and the native $TRX staking service.

Tron has become one of the most active blockchains, particularly as a means of sending USDT, and Anchorage’s move to Tron reinforces this.

Anchorage Digital co-founder Nathan McCauley stated: “As TRON expands its presence in the US, institutions need a reliable infrastructure to securely store their assets and participate in the network. By supporting TRON on Anchorage Digital’s regulated platform, we are helping to bring one of the largest crypto ecosystems into an institutional framework.”

Anchorage Digital currently supports major layer-2 networks such as Ethereum (ETH), Arbitrum, Optimism, Base, and Linea. It also supports other major layer-1 networks like Bitcoin, Solana (SOL), Avalanche (AVAX), and BNB Chain.

*This is not investment advice.