Coinbase executives have criticized the bank for blocking its application for a trust license
2025-11-04 23:05:07
US crypto exchange Coinbase applied for a national trust company license in October, aiming to "bridge the crypto-traditional finance gap". The Independent Community Bankers Association (ICBA) sent a letter to the Office of the Comptroller of the Currency (OCC) strongly objecting, citing unproven crypto custody risks and bear market profitability challenges. Paul Grewal, Coinbase's chief legal officer, responded that the bank's move was to protect its interests through "regulatory barriers".
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