US Regulators Advance Licensing for Crypto Firms

Coinbase has received final authorization to operate its custody firm under United States federal rules. This approval allows the company to utilize a consistent regulatory framework for its digital asset custody operations.

The approval process began in April with a conditional license granted by the Office of the Comptroller of the Currency. The final decision marks a significant step in integrating crypto firms into the traditional American financial system.

At the same time, Congress has intensified oversight regarding how these registrations are granted. Lawmakers are requesting detailed documents to understand the technical and legal criteria used by federal regulators for these authorizations.

Ongoing investigations seek to identify potential conflicts of interest involving previous administrations. Senators are demanding access to communications between regulatory authorities and figures linked to the Donald Trump administration to clarify the background of these decisions.

Furthermore, lawmakers have sent information requests to other industry firms such as Binance and Tether. The deadline for the voluntary submission of these documents is set for January 2027 under the risk of additional legislative measures.