TEL surges 100% as Telcoin wins final approval for first US blockchain bank
Telcoin’s native token TEL jumped about 100% in the past 24 hours after regulators granted final approval for the company to open the first licensed blockchain bank in the United States. The announcement arrived as the US government ended a prolonged shutdown, restoring some risk appetite across crypto markets and allowing altcoins to post sharp recoveries with TEL leading gains.
The approval is a notable regulatory milestone: a licensed blockchain bank could broaden fiat rails, remittance flows, payment products and custody arrangements tied to Telcoin’s ecosystem, potentially boosting real-world token utility. That said, investors should weigh execution risks, increased regulatory oversight going forward, and typical post‑announcement volatility. For now, the move signals growing acceptance of regulated crypto banking models in the U.S. and sets a precedent other projects may seek to follow.