The Independent Community Bankers of America (ICBA) has sued the Office of the Comptroller of the Currency (OCC) in federal court in Washington, D.C. The complaint filed on October 2 alleges the OCC lacks the authority to charter non-fiduciary crypto firms as national trust banks. The lawsuit also names Comptroller Jonathan Gould personally. This legal action challenges the OCC’s practice of allowing cryptocurrency companies to obtain national trust bank status.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
