U.S. Bank Lobbyists Urge OCC to Reject Coinbase's Trust Charter Application

November 5, 2025 at 12:16 AMBy Tokenpost

A leading U.S. banking group has urged federal regulators to block Coinbases application for a national trust charter, escalating tensions between traditional finance and the crypto industry. The Independent Community Bankers of America (ICBA) submitted a letter to the Office of the Comptroller of the Currency (OCC), arguing that Coinbases proposed trust bank fails to meet multiple statutory requirements and poses significant risks to financial stability.

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