Coinbase Fights Back Against Bank Lobby’s Push to Block Trust Charter

TLDR Coinbase applied for a National Trust Company Charter to bridge the gap between crypto and traditional finance. The Independent Community Bankers of America (ICBA) strongly opposes Coinbase’s trust charter application. ICBA raised concerns over untested crypto custody practices and the potential for Coinbase to struggle during market downturns. Coinbase’s legal officer criticized the ICBA [...]

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