Coinbase wins final OCC approval for national trust bank charter

The exchange's custody business moves toward federal oversight as the OCC puts the GENIUS Act's stablecoin framework into practice Coinbase now holds a full national trust charter from the Office of the Comptroller of the Currency. The largest US crypto exchange can now run its custody business under a federal banking regulator instead of relying only on a state license. The company is not alone. Ripple has reached the same status, and a growing list of other firms are collecting provisional trust charters as the OCC puts the GENIUS Act into practice.