Coinbase snags a trust bank charter, but community bankers aren't cheering—they're crying foul. Here's why this 'milestone' smells like trouble for everyone.
Coinbase just scored conditional approval for a national trust bank charter. But don't pop the champagne—regulators' 'conditional' always means strings, and crypto's already choking on them.
The OCC just handed Coinbase a trust charter. Community bankers are furious. And they might have a point.
Coinbase just got the OCC's nod for a national trust charter — holding over $250 billion in crypto custody assets. Skeptical vets like me wonder: does federal uniformity really help users, or just Coinbase's bottom line?