WASHINGTON, April 2 — The Office of the Comptroller of the Currency has granted preliminary conditional approval to Coinbase Global Inc.’s application to establish Coinbase National Trust Company in New York, a proposed national trust bank that would provide digital asset custody services as a fiduciary, primarily for institutional clients, according to OCC Corporate Decision No. 1370 dated April 2.
NEW YORK, April 2 — Linux Foundation said it launched the x402 Foundation and is accepting the contribution of the x402 protocol from Coinbase, establishing a neutral, open-source governance structure for a proposed standard enabling payments over HTTP, according to a Linux Foundation press release.
NEW YORK, March 26 — Crypto-backed collateral is being introduced into the U.S. mortgage market through a structure linked to conforming loans eligible for purchase by Fannie Mae, as Better Home & Finance Holding Co. and Coinbase Global Inc. launch a product allowing borrowers to fund down payments without selling digital assets, according to a Bloomberg report.
The U.S. Senate Banking Committee has delayed action on a major cryptocurrency market structure bill following Coinbase’s decision to withdraw support for the current draft, according to Reuters.
Coinbase has escalated its lobbying as a U.S. crypto market-structure bill moves toward a Senate markup, warning that it could withdraw support depending on changes to the draft, according to Bloomberg.
