Coinbase secures conditional OCC approval to launch a federally regulated national trust bank. Sounds lame, but is huge. This is a major step toward integrating crypto directly into the US financial system. Why? 1) Federal oversight instead of fragmented state licenses 2) Institutional-grade custody at scale 3) Stronger regulatory clarity for digital assets Yet another major regulatory win for the crypto industry. Yet another milestone to bring finance onchain.

Brian Armstrong
@brian_armstrong
.@Coinbase has received conditional OCC charter approval.
We're not becoming a bank, it's a trust company. We're bringing the infrastructure of crypto under federal regulatory oversight.
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




