Coinbase Faces Flak from Traditional Bankers on Its Push for Trust Bank Charter

A U.S. bank lobbying group petitioned the agency that issues federal banking charters, the Office of the Comptroller of the Currency, to reject Coinbase's application for a trust charter, arguing the crypto exchange falls short of requirements in several categories. The Independent Community Bankers of America, an influential group that focuses on the policy needs of thousands of smaller institutions, authored this latest attempt by the U.S. banking sector to throw up objections to the forays of the crypt ...