Full federal approval replaces temporary license
Fiduciary custody allowed, no deposits or loans
https://x.com/BitcoinArchive/status/2119771750195978432?a=O44JDDS7t5XcN4B204c&s=19This is one of the strongest institutional signals in latest years. Coinbase now operates under the same regulatory oversight as banks. This significantly reduces the risk for banks, ETFs, various trusts, and pension funds. This is said to be a direct result of the Genius Act. Overall, Coinbase has cemented its status as a strong custodian and will control a significant portion of the industry.
However, this doesn't mean Coinbase has become like a bank. For ordinary users of the platform, nothing has changed at all, yet it has become part of a federal structure. This shouldn't be seen as hype, but rather as a sign of long-term positive developments.
