[Coinbase Has Sent A Letter To US Regulatory Agencies Requesting Issuance Of A Cryptocurrency Industry Banking Clarity Report.] February 4Th, According To Cointelegraph, Coinbase Is Urging U.S. Regulators To Confirm That Banks Are Free To Provide Services To Cryptocurrency Companies. Today, Coinbase Sent A Letter To The Offices Of The Office Of The Comptroller Of The Currency (Occ), The Federal Reserve Board, And The Federal Deposit Insurance Corporation (FDIC), Requesting Clarity On The Banking Status For The Crypto Industry.Serving The Crypto Industry Has Always Been A Controversial Issue For U.S. Banks. Under Current Federal Law, Banks Are Already Authorized To Provide Crypto Services And Partner With Third-Party Service Providers Like Coinbase. Although Banks Like Bny Mellon Have Been Providing Crypto Custody Services, Some Reports Indicate That The FDIC Has Approached Several U.S. Banks, Asking Them To Pause Crypto-Related Activities. In June 2024, Coinbase Filed A Lawsuit Against The U.S. Securities And Exchange Commission And The FDIC, Accusing These Agencies Of "Jointly Attempting To Quarantine Crypto Asset Companies From Basic Banking Services."With Former U.S. President Donald Trump Taking Office On January 20Th, The Crypto Community Is Now Awaiting Positive Changes In The U.S. Crypto Ecosystem. Coinbase Has Been Deepening Its Ties With The Trump Administration And Is Also The Largest Custodian Of A U.S. Bitcoin Spot ETF. Coinbase'S Chief Policy Officer, Faryar Shirzad, Stated: "For Regulators, It Is Necessary To Clearly State That Banks Can Collaborate With Third-Party Providers To Offer Crypto Transaction Services To Customers."