Coinbase Seeks U.S. National Trust Charter for Unified Oversight
- Coinbase has applied for a U.S. National Trust Charter with the Office of the Comptroller of the Currency (OCC).
- The charter aims to consolidate Coinbase's operations under a single federal regulator, replacing multiple state-level trust licenses.
- This move would streamline compliance for its custody and payments businesses.
- Vice President Greg Tusar stated the application underscores Coinbase’s focus on "innovation and regulatory clarity."
- The charter would provide national supervision but does not allow lending or deposit-taking.
- Approval could set a precedent for other crypto firms seeking similar charters to enhance institutional credibility and efficiency.
