Elizabeth Warren Criticizes Crypto Bank Charters Issued to Firms Like Coinbase and Ripple
Sen. Elizabeth Warren (D-MA) has criticized the Office of the Comptroller of the Currency for approving national trust bank charters for crypto firms, calling them illegal under the National Bank Act. She argues these approvals pose risks to U.S. banking stability by allowing companies like Coinbase and Ripple to operate with fewer safeguards than traditional banks.
