Coinbase is looking for FRB, FDIC, and OCC to remove Crypto Banking regulatory obstacles.

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Coinbase is asking US bank regulatory authorities to fix the stance on encrypted services, and the Bank is seeking a change in order to provide encrypted protection, trading services, and a partnership with digital asset companies. Reported on Tuesday.

Crypto Exchange has recently sent a letter to the Secretary of Currency, the Federal Governor, and the Current Currency Secretary of the Federal Deposit Insurance Company (FDIC), and withdraws the interpretation written by Coinbase, in which coinbase effectively creates the application process. We will prevent banks from entering the digital asset market.

The company is calling for formal confirmation from the Fed and FDIC that the state -characteristic banks under the coach can provide and outsourcing the crew to provide and outsource transaction execution services.

Faryar Shirzad, the highest insurance manager of Coinbase, said:

Coinbase has been supported by three law firms, claiming that the current law and regulations have already been allowed to engage in encrypted services and cooperate with third -party providers. The company has requested regulatory authorities to formally recognize the existing legal framework.

This push will occur when the House of Representatives Survival Committee investigates the operation of CHOKE POINT 2.0 and investigates the allegations of regulation measures that restrict the bank access of encrypted companies. FDIC and other regulatory agencies are reportedly applied to banks in unofficial pressure to restrict services to industries that are considered risks including digital assets.

Coinbase discovered several instances that FDIC stopped by banking bank service. This includes an internal document that indicates that the bank has requested a “pause” cryptographic activity.

COINBASE, Paul Grewal, is the CEO of Mara Holdings's Fred Thiel, and the monitoring and investigation of the U.S. House of Representatives Financial Service Committee on Thursdays on Thursday, suspected of systematic Demance. I plan to testify before the meeting.

I am testifying @financialCMTEThe monitoring of the past secrets and non -democratic campaigns is a non -democratic campaign to block cipher from banks. Alternately @coinbaseI am proud to help to shed light in the unfair treatment of our industry. @financialCMTE and… pic.twitter.com/tdivu1cdw1

-Paulgrewal.eth (@iampaulgrewal) February 3, 2025

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