Rain Applies for US Trust Bank Charter Days After OCC Sued Over Crypto Charters
Key Highlights: Firms like Rain and Modern Treasury are actively pursuing national trust bank charters to offer digital asset custody and fiduciary backing under federal oversight. The Independent Community Bankers of America (ICBA) has filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing the agency exceeded its authority by granting light-touch charters to ...