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Rain seeks US trust bank charter days after OCC sued over crypto charters

Rain, a crypto firm, has applied for a US trust bank charter days after the Office of the Comptroller of the Currency (OCC) was sued over its issuance of crypto charters. This move comes as other crypto firms join a growing queue for similar charters, while community banks have filed a lawsuit against the OCC's rules supporting these charters.

Rain seeks US trust bank charter days after OCC sued over crypto charters
Image: Cointelegraph

Rain, a crypto firm, has applied for a US trust bank charter days after the Office of the Comptroller of the Currency (OCC) was sued over its issuance of crypto charters. This move comes as other crypto firms join a growing queue for similar charters, while community banks have filed a lawsuit against the OCC's rules supporting these charters.

Sources

  • Cointelegraph — Rain seeks US trust bank charter days after OCC sued over crypto charters

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