{"id":285379,"date":"2026-04-03T10:42:46","date_gmt":"2026-04-03T14:42:46","guid":{"rendered":"https:\/\/ncrc.org\/?p=285379"},"modified":"2026-04-03T10:42:46","modified_gmt":"2026-04-03T14:42:46","slug":"ncrc-decries-the-occs-granting-of-national-trust-bank-charter-for-crypto-company-coinbase","status":"publish","type":"post","link":"https:\/\/ncrc.org\/ncrc-decries-the-occs-granting-of-national-trust-bank-charter-for-crypto-company-coinbase\/","title":{"rendered":"NCRC Decries the OCC\u2019s Granting of National Trust Bank Charter for Crypto Company Coinbase"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Yesterday, the Office of the Comptroller of the Currency (OCC) conditionally approved the bank charter application of Coinbase, a cryptocurrency exchange company.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;A national trust bank charter for Coinbase will grant it access to the federal banking system with none of the obligations traditional <\/span><span style=\"font-weight: 400;\">banks owe to the public. Bank charters should serve the public interest, including the needs of low- and moderate-income communities, not simply provide legitimacy and access to companies with troubling records,&#8221; said NCRC\u2019s Policy Director Tara Flynn. &#8220;Given the nature of the company&#8217;s crypto business and its history of past enforcement actions and cybersecurity breaches, its bank charter also potentially puts the banking system at risk. Coinbase does not meet the requirements for a national trust bank charter and the OCC should have denied its application.&#8221;<\/span><\/p>\n<p><b>The NCRC\u2019s letter opposing Coinbase\u2019s application can be found here: <\/b><a href=\"https:\/\/ncrc.org\/ncrc-comment-in-opposition-to-coinbase-national-trust-charter-application\/\"><b>NCRC Comment in Opposition to Coinbase National Trust Charter Application \u00bb NCRC<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A national trust bank charter for Coinbase will grant it access to the federal banking system with none of the obligations traditional banks owe to the public.<\/p>\n","protected":false},"author":951,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_angie_page":false,"content-type":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"page_builder":"","footnotes":""},"categories":[2433],"tags":[],"class_list":["post-285379","post","type-post","status-publish","format-standard","hentry","category-pr"],"acf":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"NCRC","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"A national trust bank charter for Coinbase will grant it access to the federal banking system with none of the obligations traditional banks owe to the public.","_links":{"self":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/285379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/users\/951"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/comments?post=285379"}],"version-history":[{"count":0,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/posts\/285379\/revisions"}],"wp:attachment":[{"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/media?parent=285379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/categories?post=285379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrc.org\/wp-json\/wp\/v2\/tags?post=285379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}