Wendy O says Coinbase and Ripple received conditional OCC approval for national trust banks, while BSCN reports community banks formally opposing Coinbase's charter, highlighting intensifying custody and banking-regulation friction.
Coinbase gains conditional approval for a US national trust company charter.
Coinbase received conditional approval from the OCC to charter a National Trust Company.
UPDATE: COINBASE $COIN CEO SAYS "WE'RE NOT BECOMING A BANK, IT'S A TRUST COMPANY."
Coinbase has now officially received OCC approval to become a U.S. trust BANK.
COINBASE WILL NOT BECOME A BANK!
COINBASE GETS CONDITIONAL OCC TRUST BANK APPROVAL
The firm clarified it will not offer retail deposits or engage in fractional reserve banking
Coinbase has received conditional approval from the OCC to operate 'Coinbase National Trust Company,'
Now Coinbase is a bank,too.
.@Coinbase has received conditional OCC charter approval.
We're not becoming a bank, it's a trust company.
Coinbase receives approval to operate a national trust in the US.
Bitcoin banking is becoming real.
Coinbase receives conditional approval from US regulator OCC to operate the 'Coinbase National Trust Company'
COINBASE ANNOUNCES CONDITIONAL US TRUST CHARTER APPROVAL
conditional approval from the OCC paving the way to operate as a Federally Regulated Trust Bank.
If Coinbase is now a bank, can they settle the crypto/bank debate surrounding the CLARITY Act by negotiating both sides?
NEW: COINBASE RECEIVES CONDITIONAL OCC APPROVAL TO CHARTER NATIONAL TRUST COMPANY
Coinbase receives conditional approval for national trust charter from OCC
🏦ICBA OFFICIALLY OPPOSES COINBASE'S NATIONAL TRUST BANK CHARTER
The Independent Community Bankers Association (ICBA) has formally opposed Coinbase's application for a national trust bank charter with the OCC
LATEST: @Coinbase receives conditional OCC approval for a national trust company charter, opening the door to federally regulated custody, stablecoin issuance and tokenized securities.
Both Coinbase and Ripple have conditional approval from the OCC for a national trust bank.
🚨JUST IN: COMMUNITY BANKS SLAM OCC OVER COINBASE TRUST CHARTER APPROVAL
The Independent Community Bankers of America (ICBA) has formally opposed the OCC's conditional approval of Coinbase's national trust bank charter.
COMMUNITY BANKS SLAM OCC OVER COINBASE TRUST CHARTER APPROVAL
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