Bank Group Sues U.S. Regulator over Granting Crypto Trust Charters
12 Articles
12 Articles
Community banks sue US regulator over crypto firm charters
By Pete Schroeder WASHINGTON, Oct 2 (Reuters) - A trade organization representing community banks sued a US bank regulator Friday, claiming that its decision to grant limited bank charters to firms that primarily engage in crypto products exceeds...
Community Bankers Take Aim at OCC Over Crypto Bank Charter Rules
TL;DR: The Independent Community Bankers of America (ICBA) filed a lawsuit against the OCC on October 2, 2026, in the U.S. District Court for the District of Columbia. The legal challenge seeks to invalidate the March 2026 final rule, Interpretive Letter 1176, and the conditional approval granted to Protego Holdings Corp. In February 2026, the ...
Community banks sue OCC over crypto firms' national trust charters
A trade organization representing community banks in the US has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), claiming the regulator overstepped its jurisdiction when it provided national trust bank charters to cryptocurrency companies. The Independent Community Bankers of America (ICBA) initiated the case in the District of Columbia against a recent action by OCC and its related guidance. They argue that crypto co…
The US banking lobby group ICBA has filed a lawsuit against the OCC in federal court over crypto trust bank licenses; the National Bank Act and banking access for Bitcoin (BTC) firms are being tested in court.
ChainCatcher reports that the Independent Community Bankers Association (ICBA) filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in federal court on Friday, accusing it of exceeding its legal authority in issuing national trust banking licenses to crypto companies. The ICBA claims the OCC is pushing for “broad new powers not authorized by the National Banking Act,” allowing these companies to enter the U.S. banking syst…
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