Coinbase is advocating for U.S. banking regulators to clarify and amend existing regulations to enable banks to offer cryptocurrency trading and custody services. The company has formally requested that regulators, including the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Federal Reserve, ease restrictions that currently limit banks' involvement in the crypto space. Coinbase argues that federal laws already permit banks to engage in digital asset activities, but the lack of clear guidance from regulators has created uncertainty. This initiative highlights the ongoing tension between the cryptocurrency sector and traditional financial institutions, as Coinbase seeks to foster partnerships between banks and crypto platforms.