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#National trust charters

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Community Banks Sue OCC Over National Trust Charters for Crypto Firms
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Community Banks Sue OCC Over National Trust Charters for Crypto Firms

Key Highlights: The Independent Community Bankers of America is suing the Office of the Comptroller of the Currency over national trust charters for crypto firms. The OCC has received 40 applications for new bank charters in roughly 18 months, including 23 tied to digital assets. The dispute could influence how US federal trust charters apply ...

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Banking Group Sues U.S. Regulator Over Crypto Trust Charters
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Banking Group Sues U.S. Regulator Over Crypto Trust Charters

Key Highlights The ICBA is challenging crypto companies’ pursuit of national trust charters as an entry point into U.S. banking and payments. ICBA President and CEO Rebeca Romero Rainey said the charter does not provide the same obligations as a traditional federal bank charter. The OCC has continued granting trust charters to crypto firms, which ...

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