Coinbase calls for US regulators to support banks in offering crypto services

channelnewsasia.com February 4, 2025, 08:00 PM UTC

Coinbase has called on U.S. banking regulators to clarify their stance on banks providing cryptocurrency services. This request comes as the crypto industry seeks a regulatory framework to support its growth, amid traditional banks' hesitance to engage with digital assets. Coinbase's Chief Policy Officer criticized regulators for preventing banks from offering crypto services. He sent a letter to key banking regulators, urging them to allow banks to partner with digital asset companies. In January, the U.S. Securities and Exchange Commission formed a task force to create a regulatory framework for crypto assets. Despite these developments, U.S. banks continue to approach cryptocurrencies with caution.


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