Coinbase Urges U.S. Regulators to Clarify Rules for Crypto Banking Services: Bloomberg

Coinbase Urges U.S. Regulators to Clarify Rules for Crypto Banking Services: Bloomberg
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The post Coinbase Urges U.S. Regulators to Clarify Rules for Crypto Banking Services: Bloomberg appeared first on Coinpedia Fintech News
In a latest development, Coinbase is reportedly lobbying U.S. banking regulators for more explicit guidelines that would permit banks to provide cryptocurrency custody and trading services. The exchange hopes to drive policy changes that would reduce current restrictions, allowing banks to engage more easily with the crypto sector.
Coinbase Seeks Regulatory Clarity
Notably, this move is aimed at making it easier for banks to partner with companies like Coinbase. As per a latest report from Bloomberg, Coinbase has sent a letter to the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board of Governors, and the Federal Deposit Insurance Corp. (FDIC).
The letter, reviewed by Bloomberg, requests the OCC to revoke an interpretive letter. Coinbase argues that it effectively establishes a de facto application process for new

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