I just came across some pretty significant regulatory news

The U.S. OCC has upgraded Coinbase’s trust charter
from conditional approval in April
to a full federal trust bank charter. $COIN

Basically, this means its custody and payments business
can finally operate under the federal trust bank framework.
It’s not a full-service bank that takes deposits and makes loans, though.

Since the GENIUS stablecoin bill passed,
this kind of charter pathway has been accelerating.
Ripple also just received a full trust charter last month.

The market is still hovering around 74k today,
but the regulatory narrative just got a serious endorsement.
Noted.