[Coinbase Executive Criticizes Banks for Obstructing Its Trust License Application] According to a report by Jinse Finance, U.S. cryptocurrency exchange Coinbase applied for a national trust company license in October, aiming to 'bridge the gap between crypto and traditional finance.' The Independent Community Bankers of America (ICBA) sent a letter to the U.S. Office of the Comptroller of the Currency (OCC) strongly opposing the application, citing reasons such as unverified risks of crypto custody and profitability challenges during bear markets. Coinbase Chief Legal Officer Paul Grewal responded, stating that the banks are protecting their own interests through 'regulatory barriers.'