Community Bankers Sue OCC Over Crypto Firms' National Trust Charters

Key points

• The ICBA sued the OCC on October 2 in Washington, D.C. federal court, alleging it cannot charter non-fiduciary crypto firms as national trust banks.
• The complaint seeks to vacate the March 2026 final rule, Interpretive Letter 1176 from January 2021, and Protego's February 2026 conditional approval.
• The filing says the OCC approved or conditionally approved 21 trust banks under the Trump administration, at least 13 of them crypto companies.

AI summary of BeInCrypto’s report, written only from the publisher’s text. Read the original for full context.