Coinbase Joins Ripple as OCC Greenlights Trust Bank Charter.
Coinbase has received full approval of its national trust bank charter from the OCC, beyond its previous conditional status.
The approval allows Coinbase to offer federally regulated custody and payments services, including taking customer deposits and issuing loans.
ICBA filed suit against the OCC, arguing that the new statutes give crypto companies an unfair advantage over traditional banks by circumventing essential banking requirements.