Coinbase Legal Chief Criticizes Banking Lobby for Opposing Crypto Charter Application

Coinbase Chief Legal Officer Paul Grewal criticized traditional banking associations for opposing the exchange's national trust bank charter application on November 4, 2025. The Independent Community Bankers of America submitted a formal objection to the Office of the Comptroller of the Currency on November 3, 2025, urging regulators to deny the application. Banking groups argued the application fails to meet statutory standards and challenged the legal validity of OCC interpretive guidance permitting expanded activities for national trust banks.