🏦 Coinbase Strikes! OCC approves national bank charter — the U.S. government legitimizes the exchange
Thursday, April 2. Coinbase made history. 🚀
The Office of the Comptroller of the Currency (OCC) in the U.S. granted conditional approval to operate as a national trust.
What you need to know: 🧵
· It is not a commercial bank. It will not accept retail deposits. It will not engage in fractional reserve banking
· It is a national trust charter → uniform federal oversight for asset custody
· Coinbase is already the custodian of more than 80% of the world's crypto ETFs
· The approval will allow the creation of new payment products and institutional infrastructure
The important context: 🌍
Coinbase joins Ripple, Circle, Fidelity, BitGo, Paxos, Crypto.com, and Stripe, which have already received the same support since December. Washington is defining who the official custodians of the industry will be.
The quote of the day: 💬
Greg Tusar, co-CEO of Coinbase Institutional: "The right path for crypto is through the system, not around it"
👇 I ask you:
· What do you think about the U.S. government choosing "winners" in the crypto industry?
· Will this accelerate institutional adoption or will it centralize power too much?
$COIN
$BTC #coinbase #OCC #AdopcionInstitucional #CustodiaCripto #RegulacionCrypto $