Coinbase Seeks National Trust Charter to Expand Institutional Crypto Adoption

Coinbase has submitted an application for a national trust charter with the US Office of the Comptroller of Currency (OCC). This move aims to bolster its crypto custody and settlement services, potentially streamlining regulatory oversight and accelerating institutional investment in assets like Bitcoin, Ethereum, and stablecoins. The company’s strategic application is being spearheaded by executives Brian Armstrong and Emilie Choi. This signifies their commitment to navigating the evolving regulatory landscape within the cryptocurrency sector.