Coinbase has received conditional approval from the OCC to establish a national trust bank, moving toward federal oversight to replace the current state-by-state licensing approach. https://thedefiant.io/news/cefi/coinbase-gets-conditional-approval-from-occ-for-federal-trust #Blockchain #Crypto #Regulation

Coinbase Joins Crypto Bank Trust Wave, Landing Conditional Approval From the OCC
Coinbase announced on Thursday that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Coinbase National Trust Company, a non-insured national trust bank to be headquartered in New York.