Coinbase Wins Conditional OCC Approval for National Trust Bank Charter — Path to Federal Crypto Custody

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Coinbase received conditional approval from the OCC for a national trust bank charter on April 2, potentially allowing it to operate as a federal crypto custodian and eventually issue stablecoins and tokenized securities. The conditional approval requires preopening compliance reviews, risk management frameworks, and an OCC examination before becoming final. Coinbase joins BitGo, Circle, Fidelity Digital Assets, Ripple, and Paxos in receiving similar conditional approvals.