In response to US Senator Elizabeth Warren's claim that cryptocurrency companies such as Coinbase and Ripple obtaining licenses from the US National Trust Bank may be illegal, industry organization Digital Chamber has sent a letter to the Office of the Superintendent of the Currency (OCC) demanding that it defend relevant approvals. Warren believes that allowing cryptocurrency companies to conduct banking like activities through restricted trust licenses under the OCC may weaken traditional banking regulation and bring systemic risks. Digital Chamber countered that Congress has established a new category for federal regulated stablecoin issuers through the GENIUS Act, and it is reasonable for OCC to grant relevant trust banking licenses; Meanwhile, approved institutions such as Coinbase and Ripple do not accept FDIC insured deposits, and their stablecoin issuance, redemption, and custody services should not be simply equated with traditional banking services. https://(wublock123.com)/news/crypto-industry-responds-senator-coinbase-ripple-bank-licenses-legal-61700