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Cointelegraph by Stephen Katte

US banking lobby weighs lawsuit against OCC over national trust charters for crypto firms

A major US banking trade association is reportedly exploring a lawsuit against the Office of the Comptroller of the Currency over its conditional national trust bank charters for crypto firms. Since December, the OCC has issued conditional approvals to companies including BitGo, Fidelity Digital Assets, Ripple, Paxos, Crypto.com, Bridge and Stripe, while others such as Zerohash and World Liberty Financial have applied. The banking group argues that these charters could introduce risks to consumers and the broader financial system by operating under a different oversight framework than full-service national banks.
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