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Block, the fintech and crypto-focused company led by Jack Dorsey, filed an application for a U.S. bank charter, a move that would allow it to expand its financial services offerings under direct federal banking oversight. The filing reflects a broader push among fintech and crypto firms to gain formal banking status. If approved, the charter would give Block more direct control over deposit-taking and lending activities tied to its Cash App and Square platforms, potentially reducing its reliance on partner banks.