Coinbase just got conditionally approved to become a federally regulated bank and nobody seems to know how to feel about it

Coinbase received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a national trust company, allowing it to act as a federally regulated custodian for digital assets. The approval is seen as a step toward institutional adoption but has sparked debate due to Coinbase's past SEC lawsuit and its current opposition to the CLARITY Act draft language.