As reported by ChainCatcher on November 14, 2026, Coinbase said on November 9 that its national trust company had received final approval to open. The US Office of the Comptroller of the Currency (OCC) had granted preliminary conditional approval in April. Coinbase said the charter gives its custody business a unified federal regulatory framework.
The approval comes amid Senate scrutiny of how federal regulators are using their existing authority. In a May 18 letter to the OCC, Senator Elizabeth Warren questioned approvals for at least nine crypto trust charters, including Coinbase’s earlier conditional approval. She requested application materials, the legal analysis behind the decisions, and relevant communications between regulatory officials and the White House or the Trump family.
Four days before Coinbase’s November 9 announcement, Senator Richard Blumenthal renewed a request for records from Binance, Tether and two Trump-linked companies. He set a January 4, 2027, deadline for voluntary submission and warned that his subcommittee could seek the records by other means.
Original report: ChainCatcher · Published November 14, 2026, at 05:00 UTC+8.