US regulators move ahead on crypto trust charters as Senate scrutiny grows
Summary
Coinbase said its national trust company received final approval to open from the Office of the Comptroller of the Currency, following conditional approval in April. The company says the charter provides a consistent federal framework for its custody business. Senators are seeking records about crypto trust-charter approvals and related regulatory communications. Elizabeth Warren questioned at least nine approvals, including Coinbase’s, and requested applications and legal analyses. Richard Blumenthal separately demanded records from Binance, Tether and two Trump-linked ventures, setting a Jan. 4, 2027, deadline for voluntary disclosure.
