Bankers sue to overturn OCC trust-bank rule used by crypto firms
The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct. 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms. American Banker reported that the complaint asked the court to vacate the OCC's national trust bank rule and Interpretive Letter 1176. It […] The post Bankers sue to overturn OCC trust-bank rule used by crypto firms appeared first on CryptoSlate.
Key Takeaways
- The Independent Community Bankers of America sued the OCC in federal court in Washington on Oct.
- 2, two weeks after the agency approved Agora National Trust Bank, Catena Trust Bank and Bastion Platforms.
- American Banker reported that the complaint asked the court to vacate the OCC's national trust bank rule and Interpretive Letter 1176.
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