Coinbase's nationwide trust bank license has been officially approved by the OCC! The approval in April was conditional; this time it's full. Here are a few key points: It's a trust bank, not a commercial bank. It doesn't accept deposits or make loans. It can only provide custody and payment services, and is subject to federal regulation. Coinbase says its next step is to launch its own stablecoin and create white-label stablecoins for other companies. Ripple received its full license last month. However, banks aren't happy. The Independent Community Bankers Association has sued the OCC, claiming it exceeded its authority in issuing licenses to crypto companies. This is a significant change. Previously, exchanges were begging banks to open accounts; now, exchanges have obtained their own banking licenses. https://www.(coindesk.com)/policy/2026/11/09/coinbase-gets-full-u-s-trust-charter-from-federal-banking-regulator