Washington has started selecting which crypto firms control custody at a national level

On Apr. 2, Coinbase received conditional approval from the Office of the Comptroller of the Currency for a national trust charter. Coinbase joined a cluster of at least eight firms that the OCC has moved toward federal trust-charter status since December 2025, and the cluster reveals a deliberate federal decision about which parts of crypto belong inside the supervised system. Why this matters: The US is shifting fro…