Community banking group sues OCC over crypto trust bank charters
CIE News ·
A community banking group has filed a lawsuit against the OCC, claiming the regulator exceeded its congressional mandate by granting trust bank charters to crypto companies, according to Cointelegraph.
A community banking group has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), according to Cointelegraph. The legal challenge alleges that the federal regulator exceeded the legal authority granted by Congress when issuing trust bank charters to cryptocurrency firms. The group claims in the suit that the OCC's current actions regarding these specific charters go beyond its official mandate.