CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-04 14:49:47

Coinbase calls on U.S. gov to allow banks to enter crypto market: report

Coinbase is urging U.S. banking regulators to allow banks to offer cryptocurrency services, including trading and custody. The crypto exchange argued that current regulations create unnecessary hurdles preventing banks from fully entering the digital asset market, according to Bloomberg . In a letter to the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation , Coinbase called for changes that would make it easier for banks to partner with crypto firms. You might also like: Will Bitcoin survive the coming financial collapse? | Opinion US banks need extra approval to engage with crypto Specifically, Coinbase asked the OCC to withdraw a policy that it says imposes an extra layer of approval for banks looking to engage in crypto-related activities. It also urged the Federal Reserve and FDIC to confirm that banks under their supervision can both offer and outsource crypto services. Banks have been hesitant to enter the crypto space due to regulatory uncertainty. Between 2022 and 2023, the FDIC reportedly told some financial institutions to pause or limit their crypto activities. This led banks to step back from offering digital asset services despite demand from institutional and retail investors. Coinbase’s push comes as the regulatory environment shifts under President Donald Trump’s administration. Trump has appointed regulators seen as more open to crypto and recently repealed an SEC rule that made it costly for banks to offer crypto custody services. The timing of Coinbase’s letter is notable as the Senate Banking Committee prepares for a hearing on “debanking”—the practice of cutting off financial services to certain industries, including crypto. Coinbase has long argued that restrictive banking policies make it difficult for crypto firms to access traditional financial services. Coinbase’s request is backed by three major law firms, which argue that current laws already permit banks to engage with crypto firms. The OCC and FDIC declined to comment, and the Federal Reserve has not yet responded. You might also like: February could see Solana and Litecoin surge; Here’s what analysts say

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta