Coinbase is advocating for US banking regulators to revise regulations, allowing banks to provide crypto custody and trading services. In a recent communication to the OCC and FDIC, the company emphasized the need for clear rules that confirm state-chartered banks can legally outsource crypto services.
Amid investigations into Operation Choke Point 2.0, Coinbase highlighted regulatory pressures that inhibit banks’ involvement in the crypto market. Internal FDIC documents reportedly show discouragement of crypto services by banks, raising concerns about the future of digital asset integration within traditional banking.