Coinbase Trust Company Wins Final Clearance as Senate Presses Crypto Compliance

The timing is the story: Coinbase secures a regulated trust charter while the Senate simultaneously demands compliance records and examines conflicts of interest. That juxtaposition suggests US crypto oversight is bifurcating — approvals for entities that accept formal supervision, sharper scrutiny for how those same firms manage overlapping roles. The trust approval expands Coinbase's regulated footprint, but it also raises the bar for the transparency senators are probing. Whether the charter becomes a template for other exchanges seeking similar status, and how Coinbase answers the records requests, are the open questions worth watching.