Coinbase Faces Flak from Traditional Bankers on Its Push for Trust Bank Charter

Coinbase, a leading cryptocurrency exchange, is currently encountering significant criticism and resistance from traditional bankers and financial institutions regarding its recent efforts to obtain a trust bank charter. This move is seen as a challenge to the established banking framework and has sparked a heated debate about the legitimacy and implications of cryptocurrency businesses entering the banking sector. Traditional bankers argue that this push could undermine regulatory standards and the stability of the financial system, while Coinbase asserts that it seeks to foster innovation and provide better financial services to consumers. The clash highlights the broader tensions between emerging digital currencies and established banking practices. source: https://www.coindesk.com/policy/2025/11/04/coinbase-faces-flak-from-traditional-bankers-on-its-push-for-trust-bank-charter