America's largest cryptocurrency exchange officially became a national trust bank; a silent earthquake in the US fina…
America's largest cryptocurrency exchange officially became a national trust bank; a silent earthquake in the US financial system
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⚡️ In 3 seconds
Coinbase, by receiving an official license from the federal regulatory body, brought its custody business under the direct umbrella of the government so that one of the heaviest banking battles in digital history enters a new phase
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📊 Numbers you need to know
• Exchange application date: October 2025 and final completion of the process in regulatory records on November 6
• Minimum Tier 1 capital required for the new entity: $60 million along with sufficient liquidity to cover 180 days of operating expenses
• Exchange's service history in the custody sector: Over 14 years of activity before obtaining this federal approval
• Planned timeframe for the full transfer of the custody business from New York: The next three years
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🔍 What 90% of media don't tell you
This federal license is a clever workaround and does not turn the exchange into a commercial bank; the new entity does not have the right to take retail deposits, grant loans, or issue stablecoin, and this license does not automatically connect to the Federal Reserve payment network but requires separate processes
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⚖️ Two sides of the coin
🟢 This approval has strengthened the regulatory framework and federal uniformity and paves the way for large capital to enter the market
🔴 Traditional banks are deeply concerned about the territorial war over stablecoins, and the Bankers Association had previously requested the rejection of this application
━━━━━━━━━━
🎯 What does it mean for your wallet?
This event does not change banking services for retail users because the new entity is not allowed to accept regular deposits
━━━━━━━━━━
💬 Is direct government oversight of the cryptocurrency sector beneficial to the market or does it destroy its independence?
📌 Send to a friend who thinks exchanges become central banks overnight
#Coinbase #Regulation #Trust_Bank #Federal
━━━━━━━━━━
⚡️ In 3 seconds
Coinbase, by receiving an official license from the federal regulatory body, brought its custody business under the direct umbrella of the government so that one of the heaviest banking battles in digital history enters a new phase
━━━━━━━━━━
📊 Numbers you need to know
• Exchange application date: October 2025 and final completion of the process in regulatory records on November 6
• Minimum Tier 1 capital required for the new entity: $60 million along with sufficient liquidity to cover 180 days of operating expenses
• Exchange's service history in the custody sector: Over 14 years of activity before obtaining this federal approval
• Planned timeframe for the full transfer of the custody business from New York: The next three years
━━━━━━━━━━
🔍 What 90% of media don't tell you
This federal license is a clever workaround and does not turn the exchange into a commercial bank; the new entity does not have the right to take retail deposits, grant loans, or issue stablecoin, and this license does not automatically connect to the Federal Reserve payment network but requires separate processes
━━━━━━━━━━
⚖️ Two sides of the coin
🟢 This approval has strengthened the regulatory framework and federal uniformity and paves the way for large capital to enter the market
🔴 Traditional banks are deeply concerned about the territorial war over stablecoins, and the Bankers Association had previously requested the rejection of this application
━━━━━━━━━━
🎯 What does it mean for your wallet?
This event does not change banking services for retail users because the new entity is not allowed to accept regular deposits
━━━━━━━━━━
💬 Is direct government oversight of the cryptocurrency sector beneficial to the market or does it destroy its independence?
📌 Send to a friend who thinks exchanges become central banks overnight
#Coinbase #Regulation #Trust_Bank #Federal
Tested record of “Regulation” posts: 55 posts: BTC 24h later averaged +0.45% vs +0.18% for any hour (p = 0.39) — not distinguishable from chance. Full record
Persian original · View this post on Telegram ↗ · Open in the archive · 💬 Discuss in the Coin_Kurd Telegram group · Educational, not financial advice.