Core Insights - Coinbase is considering applying for a federal bank charter, joining other crypto firms like Circle, Ripple, and Paxos in seeking a trust charter [3][5] - Currently, Anchorage Digital is the only crypto firm with a trust bank charter, which was approved by the OCC in January 2021 [4] - A trust bank charter has a limited scope compared to a traditional bank charter, focusing on asset management and trust administration without the ability to lend or take insured deposits [5] Company Developments - Coinbase has $425 billion in assets on its platform as of June 30, indicating its significant market presence [5] - The OCC charter is expected to streamline oversight for new offerings and foster innovation in integrating digital assets into traditional finance [6] - Coinbase aims to launch new products beyond crypto custody, including payments and other services, with regulatory clarity if the charter is secured [7] Industry Reactions - Bank trade groups have expressed concerns about the trust charter applications from crypto firms, labeling them as risky and potentially destabilizing to consumer confidence in the banking system [6][7] - The Independent Community Bankers of America has urged the OCC to postpone decisions on these applications, highlighting the perceived risks associated with uninsured deposit-like accounts [6][7]

Core Viewpoint - Coinbase plans to apply for a national trust company charter to expand its payment and related services while clarifying that it does not intend to become a bank [1][2]. Group 1: Company Strategy - The national trust charter is expected to streamline oversight for new offerings and facilitate innovation in integrating digital assets into traditional finance [2]. - Coinbase launched a new platform called Coinbase Payments in June 2025, designed to support stablecoin transactions for online marketplaces [2][3]. - The platform aims to provide small-to-medium sized businesses with alternatives to traditional card payment fees, with Shopify already integrating Coinbase Payments [3]. Group 2: Partnerships and Collaborations - In July, JPMorgan Chase and Coinbase formed an alliance to enhance transaction capabilities for shared clients, allowing JPMorgan customers to link their bank accounts to Coinbase wallets [3][4]. - Other cryptocurrency firms, including Circle, Ripple Labs, and Paxos, have also submitted applications for national trust charters, indicating a trend in the industry [4].

the next big unlock for stablecoin transfer volumes https://t.co/Eg8FlDqOqQCoinbase Developer Platform🛡️ (@CoinbaseDev):🚀 Big news 🚀 @coinbase and @cloudflare will be launching the x402 Foundation to establish x402 as the universal standard for AI-driven payments.Legacy payment systems weren’t built for machines, but x402 changes that by embedding payments directly into web interactions, https://t.co/Uma0jH2xmn ...

Group 1 - Coinbase is intensifying its opposition to traditional financial institutions regarding stablecoin rewards, with CEO Brian Armstrong criticizing banks for attempting to eliminate these rewards [1][3] - The American Bankers Association and other banking groups have labeled stablecoin reward programs as a loophole in the GENIUS Act, which prohibits stablecoin issuers from paying interest to users [2] - The banking groups argue that allowing stablecoin rewards could lead to significant deposit outflows, potentially amounting to $6.6 trillion, which would adversely affect banks' lending capabilities [3] Group 2 - Armstrong asserts that banks are trying to suppress competition, which ultimately harms U.S. consumers, emphasizing that competition benefits consumers [3][4] - Coinbase is actively engaging with lawmakers, with Armstrong advocating against bank bailouts and encouraging the cryptocurrency community to voice their opposition [4][5] - The message from Coinbase highlights the inconsistency in banning crypto rewards while allowing credit card rewards, reinforcing their stance on the importance of maintaining competitive practices in the financial sector [5]

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Coinbase #Coinbase ©️ Should list ______??((1) $MANYU(2) $WKC(3) $KAS(4) $TROLL(5) $MASK(6) $BRETT(7) $DOG(8) #memecoin(9) $KORI(10) $WEN(11) #FAERTLESS(12) #USELESS(13) #4chan(14) $STUPID(15) $AURA(16) #Omikami(17) #PIIN(18) $DUKO https://t.co/cE5LPe3C2O ...

🔥 JUST IN: Coinbase CEO says, "We’ve prioritized regulatory compliance and customer trust from the day I started Coinbase." https://t.co/QwBEYH5Wri ...