Bankers sue to overturn OCC trust-bank rule used by crypto firms
On October 2, the Independent Community Bankers of America sued the Office of the Comptroller of the Currency (OCC) in federal court in Washington, challenging a rule and an interpretive letter used by crypto firms. The lawsuit aims to overturn the OCC's national trust bank rule and Interpretive Letter 1176 following the approval of Agora National Trust Bank, Catena Trust Bank, and Bastion Platforms. For more details, read the full report on CryptoSlate.
On October 2, the Independent Community Bankers of America sued the Office of the Comptroller of the Currency (OCC) in federal court in Washington, challenging a rule and an interpretive letter used by crypto firms. The lawsuit aims to overturn the OCC's national trust bank rule and Interpretive Letter 1176 following the approval of Agora National Trust Bank, Catena Trust Bank, and Bastion Platforms. For more details, read the full report on CryptoSlate.
Sources
- CryptoSlate — Bankers sue to overturn OCC trust-bank rule used by crypto firms
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