Coinbase is urging U.S. banking regulators to allow banks to offer cryptocurrency services, including trading and custody. The crypto exchange argued that current regulations create unnecessary hurdles preventing banks from fully entering the digital asset market, according to Bloomberg.

“This measure is a decision to establish tax justice so that citizens who faithfully pay their taxes are not disadvantaged,” a local official said.

Coinbase said it wants three top federal banking agencies to take certain steps to end alleged debanking in the crypto industry.

Coinbase is demanding US regulators finally let banks jump into the crypto industry. The company sent letters to top financial agencies today—the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corp. (FDIC)—insisting they clear the path for banks to offer services like crypto custody and trading execution.

TL;DR Coinbase asks U.S. regulators to remove barriers that limit banks from offering crypto services, such as custody and trade execution. It requests the withdrawal of an OCC letter that hinders banks from entering the digital asset market and seeks confirmation of the legality of partnerships with third parties.

Blockchain security firm Scam Sniffer reported that crypto phishing scams drained $10.25 million from 9,220 victims in January, marking a 56% decline from December's $23.58 million in losses. However, the report notes that the bad actors have been evolving and implementing more sophisticated attack methods.

TL;DR Kraken has obtained a MiFID license in the European Union, allowing it to offer cryptocurrency derivative products in 27 countries within the region. The license was acquired after purchasing a Cyprus-based investment firm, previously approved by the CySEC, facilitating its expansion.

Trump's executive order could open doors for US investments in crypto, though details on funding and operations remain unclear.

Decentralized finance (DeFi) provides a crucial safety net for individuals facing sudden debanking scenarios, highlighting the vulnerabilities in traditional financial systems.

TL;DR Coinbase users lost over $65 million to social engineering scams between December 2024 and January 2025, highlighting the growing vulnerability of cryptocurrency exchanges. The scams involved phishing emails, spoofed customer service calls, and fraudulent websites mimicking Coinbase's interface.

What we've seen from Trump so far indicates TV chaos, but not on substance, so risks of any derailment may have decreased.

The FinCEN Database's mass financial data collection raises privacy concerns. Blockchain is proposed as a more secure alternative, according to a16z crypto.

Tomarket has announced the successful distribution of rewards from its latest biweekly airdrop, which covered the period from Jan. 16-27, 2025.

Blum Crypto has launched a new $5,000 giveaway to engage users who participate in its gaming ecosystem.

The surge to hit a new record was partly fueled by the popularity of micro bitcoin and ether futures contracts.

The SEC's application of traditional market rules to crypto has sparked debate. Tailored regulations are suggested to address crypto's unique features, fostering innovation while ensuring investor protection.

Coinbase, the largest custodian for US-based spot Bitcoin ETFs, wants US state-chartered banks to be allowed to provide and outsource crypto custody and execution services.

The securities regulator wants to hire staff for market surveillance and enforcement investigations.

Coinbase's push could reshape US banking by integrating crypto services, potentially increasing financial innovation and market competition. The post Coinbase calls for Fed, FDIC, and OCC to remove regulatory roadblocks for crypto banking appeared first on Crypto Briefing.

A Canadian man is facing serious charges after allegedly exploiting vulnerabilities in decentralized finance (DeFi) protocols to steal roughly $65 million from investors, including those in the U.S.

AI Agents, Swarms of Agents, Blockchain and even DeepSeek are changing the game for businesses of all sizes. As Elon Musk recommends blockchain for the US Treasure.

In the most exciting week in crypto history with ups and downs, policy changes, and trade war; the U.S. SEC has introduced new rules requiring its staff to seek approval from top officials before launching formal investigations.

Ethereum and Solana have bounced back into full recovery mode after Donald Trump agreed to temporarily suspend tariffs on Canada and Mexico, signaling bullish times for meme coins. Since yesterday, $ETH has spiked from $2.5K to $2.7K, and $SOL has rebounded from $183 to $209.

Implications for users and the crypto market

In a latest development, Coinbase is reportedly lobbying U.S. banking regulators for more explicit guidelines that would permit banks to provide cryptocurrency custody and trading services. The exchange hopes to drive policy changes that would reduce current restrictions, allowing banks to engage more easily with the crypto sector.

The crypto market is slowly showing signs of recovery after experiencing significant volatility. Market prices fell because investors panicked about the US trade tariffs.

Coinbase makes the cut – finally. The UK's Financial Conduct Authority (FCA) only approves 14% of applications for financial institutions to operate in the country.

Coinbase's Chief Legal Officer, Paul Grewal, is set to testify before the US Congress this week as lawmakers investigate allegations that financial regulators systematically cut off banking access for cryptocurrency firms. The hearing, titled “Operation Choke Point 2.

Medjedovic allegedly stole $65M from DeFi platforms through misleading trades. Prosecutors believe he tried extortion and laundered stolen funds via crypto mixers.

Canada's ETF market may soon feature leveraged crypto funds as Evolve Funds moves to launch new Bitcoin and Ethereum products. For quite some time, Canada‘s crypto exchange-traded fund scene has been losing investors to the U.S.

Crypto analysts are abuzz amid individual and joint attempts to dissect the impact of the Solana-based token-launching platform, Pump.fun, on the altcoin market.

The TVL for RWA tokenization hasn't begun its climb just recently. It all started last November, amid a wider crypto market surge.

TL;DR The crypto market has shown remarkable resilience, rebounding strongly despite the ongoing tariff wars between the United States and China, with major cryptocurrencies regaining lost ground. The initial announcement of tariffs by President Trump led to significant declines and a record $2.29 billion in liquidations.

Crypto investigators ZachXBT and tanuki42 claim Coinbase neglected security lapses that cost users more than $300 million annually.

Binance Pay has entered into a strategic partnership with xMoney, a European blockchain payment provider, aiming to streamline cryptocurrency payments for businesses and consumers.

XRP and Dogecoin surged 20% before dipping again as the U.S.-China trade war rattled the crypto market. Bitcoin briefly soared past $100K after President Trump paused tariffs on Mexico and Canada but dropped to $98K when China struck back with fresh tariffs on U.S. imports. Despite being decentralized, crypto still reacts like traditional financial markets.

Kraken has acquired a MiFID license through a Cypriot investment firm, enabling the crypto exchange to offer regulated derivatives trading across EU markets while also relaunching staking services in the US.

Crypto analyst Miles Deutscher pointed out that the reason altcoin season hasn't started yet is that speculative capital has shifted from major altcoins to on-chain low-cap meme coins.

Scaramucci also described Trump's official memecoin as "bad for the industry."

Coinbase received regulatory approval to offer digital asset trading services in the UK on February 4, 2025, expanding its European presence while adding new advisory board members and planning to launch Solana futures contracts.

The firms are driven by compelling mutual benefits: Galaxy gains extra staking business and BitGo customers are able to use staked assets as collateral for loans and trading.

A 22-year-old Canadian hacker faces multiple federal charges for allegedly stealing $65 million through two separate cryptocurrency platform exploits while remaining a fugitive since 2021.

Cryptocurrency markets recovered from a major weekend crash after President Trump paused tariffs on Canada and Mexico, who agreed to strengthen border security measures in return.

With global trade concerns and Bitcoin's price fluctuations, traders remain on edge, unsure whether another crash or recovery is next.

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into Crypto.com and Kalshi Inc. regarding their recently launched event contracts tied to the Super Bowl, as reported by Bloomberg. Crypto.

The license was obtained through the acquisition of a Cypriot firm.

Congress will hold hearings on February 6, 2025, to investigate claims that federal regulators pressured banks to deny services to crypto companies, featuring testimony from industry leaders and experts amid growing concerns about regulatory overreach in the digital asset sector.