Coinbase, the largest US cryptocurrency exchange, is urging US regulators to allow banks to offer cryptocurrency services. They have written a letter to the US Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) making this request. Coinbase believes that banks should be able to provide crypto custody and trading services and partner with firms like Coinbase. This move by Coinbase aligns with Fed Chairman Jerome Powell's recent statement that banks can offer crypto services if they can manage the risks. Coinbase has previously taken legal action against the SEC and FDIC for non-compliance with its requests.



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