Coinbase Gets Full OCC Trust Bank Charter

• The OCC gave final approval to Coinbase National Trust Company, announced Nov. 9
• Institutional custody moves under one federal regulator; no retail deposits, not a commercial bank
• Circle and Ripple already hold similar charters
• Sen. Warren calls the approvals illegal and the ICBA has sued the OCC

Good for Coinbase's custody business, but the legal fight over crypto charters is far from settled. Not financial advice. DYOR.

$COIN