Every story we've covered involving trust-charter.
The Independent Community Bankers of America (ICBA) sued the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, arguing the regulator exceeded its congressional authority by allowing cryptocurrency firms to obtain limited national trust bank charters. The ICBA says those charters give crypto companies undue credibility without subjecting them to standard banking requirements such as FDIC insurance, consolidated supervision, capital and liquidity standards, or Community Reinvestment Act obligations.
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