Banking Groups Push Back on Coinbase Charter Approval

[tradelikepro]

The Independent Community Bankers of America has raised objections to the Office of the Comptroller of the Currency approving a national trust bank charter for Coinbase. The group argues the application shows gaps in risk management, profitability, and resolution planning.

It also warned that granting such approvals could allow nonbank entities to gain the advantages of banking licenses without meeting the full regulatory standards required of traditional financial institutions.

[madtrader]

the scale of ETH locked indicates long-term commitment rather than short-term liquidity needs