Banking Lobby Mounts Challenge to Coinbase’s National License Ambitions

Banking Association Seeks to Block Crypto Firm’s Charter Application

A significant regulatory confrontation is unfolding between the cryptocurrency sector and traditional banking institutions. Coinbase, a leading digital asset exchange, finds its pursuit of a national trust charter facing organized opposition from established banking groups. The conflict entered a more public phase this week when the company’s chief legal officer issued a sharp rebuke to banking lobbyists.