Zerohash's U.S. Trust Bank Application Rejected, Firm Plans to Refile

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Zerohash, a crypto infrastructure firm that serves as the backend provider for Morgan Stanley's E*Trade platform, has had its application to become a U.S. trust bank turned down by regulators. The company plays a key role in handling crypto operations for the financial giant's retail brokerage arm. Despite the setback, Zerohash has indicated it intends to refile its application. The firm expressed hope for a quicker resolution in its next attempt at obtaining the trust bank charter.

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