Coinbase Pushes for Regulatory Shift: Should Banks Be Allowed to Hold Crypto?
Coinbase is urging U.S. banking regulators to create standardized regulations for cryptocurrency services. Including custody and execution (C&E) options provided by banks or third-party platforms like Coinbase.
On Feb. 4, the company formally requested the Office of the Comptroller of the Currency (OCC), Federal Reserve, and FDIC to eliminate regulatory barriers that prevent crypto firms from partnering with banks. Coinbase argues that clear, consistent policies are needed to enhance financial stability, transparency, and security.
The company also highlights legal reviews showing current restrictions lack statutory foundation and stresses that well-defined regulations will foster innovation while protecting consumers.
Clever Robot News Desk 9th February 2025
