Banks No Agree With Coinbase OCC Trust Charter Because Crypto Risk

Coinbase don put application for the Office of the Comptroller of the Currency (OCC) make dem get federal trust charter through im Coinbase National Trust Company, as e dey find uniform supervision for digital asset custody, staking, trading, lending, and fiat services. Dem submit am for October 2025. The OCC trust charter wan reduce how dem dey get license from state to state, make compliance costs reduce, and make e attract institutional investors. Coalition wey Independent Community Bankers of America (ICBA) dey lead don formally oppose the bid. Banks dey talk say Coinbase risk controls, governance and stress tests for crypto assets no reach, e fit cause liquidation and reputational risk and fit expose OCC to untested clearing liabilities. Coinbase talk say banks no want the trust charter because dem wan limit competition and no be real safety palava. If dem approve am, e fit set example for companies like Ripple and Circle, make the crypto adoption by institutions quick, and fit bring up to $500 billion assets under federal oversight by 2030. If dem reject or delay am, e go make bank dem regulatory advantage strong and go push crypto companies go state or overseas charters. The OCC decision go test how regulators fit balance innovation and financial stability.