OCC Faces Pressure Over Coinbase's Bank Charter
Update: 2025-11-05
Description
Banking lobbyists are pressuring the OCC to block Coinbase's application for a national trust bank charter, citing concerns over safety, legality, and regulatory authority. Coinbase's Chief Legal Officer, Paul Grewal, counters that this is protectionism, not consumer protection. The dispute highlights a clash between traditional finance and the crypto world, with potential implications for future regulation and structural shifts in the financial landscape.
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