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US Regulators Approve Coinbase Trust Charter Amid Senate Scrutiny of Crypto Compliance
Crypto

US Regulators Approve Coinbase Trust Charter Amid Senate Scrutiny of Crypto Compliance

Source Summary

Coinbase's trust company received final regulatory clearance from US authorities. The approval comes as Senate lawmakers are seeking records from crypto firms regarding their compliance practices and potential conflicts of interest.

Why it matters

The charter approval represents a significant regulatory milestone for Coinbase's institutional custody operations, while concurrent Senate scrutiny signals heightened legislative focus on crypto industry compliance and governance.

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