Coinbase gets conditional OCC trust charter

Coinbase has secured a conditional national trust charter from the Office of the Comptroller of the Currency (OCC). This approval signifies a major step towards federal regulatory uniformity for the cryptocurrency exchange's custody and market infrastructure operations. The charter will allow Coinbase to operate its trust business under federal oversight, potentially enhancing its credibility and operational framework within the U.S. financial system. This development is crucial for the company as it navigates the evolving regulatory landscape for digital assets.