Community Bankers Sue OCC Over Crypto Firms' National Trust Charters
The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC). The October 2 complaint alleges the OCC lacks the power to charter non-fiduciary crypto firms as national trust banks. The lawsuit was filed in federal court in Washington, D.C. It also names Comptroller Jonathan Gould in his The post Community Bankers Sue OCC Over Crypto Firms' National Trust Charters appeared first on BeInCrypto.
Key Takeaways
- The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC).
- The October 2 complaint alleges the OCC lacks the power to charter non-fiduciary crypto firms as national trust banks.
- The lawsuit was filed in federal court in Washington, D.C.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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