Catenaa, Monday, February 10, 2025 – Coinbase urged the US regulators to enable crypto services in the banking sector with a diligent regulatory framework, the company announced on February 4.
On February 3, the company sent a letter to the Office of the Comptroller of the Currency (OCC), Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) requesting to revise the guidelines on crypto custody and execution (C&E) services.
This approach is followed by a consistent banking system showing less interaction with the evolving crypto industry.
The letter included to concern on offering C&E services for banks either directly or via a third party and to remove unlawful hindrances imposed over the C&E service providers, Coinbase said.
“The principle of fair access to permissible banking services for all lawful businesses is fundamental to the strength and safety and soundness of the banking system and has been recognized by Congress and the Banking Agencies in numerous contexts,” the letter read.
Access to the full letter.
