Coinbase and Paradigm Say Banks Are Trying to Block Stablecoin Innovation

Coinbase and Paradigm leaders have accused powerful US banking groups of trying to block innovation in crypto and stablecoins through “protectionist” policies. The clash reflects deep divisions between traditional finance (TradFi) and digital asset firms, which seek regulatory clarity. Coinbase Accuses Bank Lobby of “Protectionism” The Coinbase exchange’s Chief Legal Officer, Paul Grewal, criticized the Independent Community Bankers of America (ICBA) after it urged the Office of the Comptroller of the Currency (OCC) to deny Coinbase’s trust bank charter. “Imagine opposing a regulated trust charter because you prefer crypto to stay unregulated source: https://beincrypto.com/coinbase-paradigmslam-us-banks/