Rain Seeks US Trust Bank Charter Amid OCC Challenge

Rain seeks U.S. trust bank amid crypto charter lawsuit

Rain has applied for a U.S. trust bank charter to custody digital assets, manage stablecoin reserves and issue dollar-backed stablecoins.

Rain Seeks US Trust Bank Charter Amid OCC Challenge

Stablecoin infrastructure provider Rain applied for a US national trust bank charter, while community banks challenge the OCC’s framework for crypto-focused trust banks.

Rain Seeks US Trust Bank Charter Days After OCC Crypto Charter Lawsuit

Adding itself to a rising line of cryptocurrency companies pursuing federal trust charters is Rain, while a legal challenge filed by community banks asks a court to strike down the OCC regulations supporting those charters. Submitting an application to set up a national trust bank based in New York, stablecoin payments infrastructure firm Rain joins […]

Rain Signals Shift to U.S. Trust Charter Days After OCC Crypto Suit

Rain, a stablecoin payments infrastructure provider, has applied to establish a new national trust bank in New York—an effort that would place more stablecoin and digital-asset services under the oversight of the U.S. Office of the Comptroller of the Currency (OCC). The move adds to a broader push from crypto and payments firms seeking trust [...]

Rain seeks US trust bank charter days after OCC sued over crypto charters

Rain joins a growing queue of crypto firms seeking federal trust charters, while community banks have just asked a court to overturn the OCC rules underpinning them.