Grab EXTRA 10% OFF all Tangem products. Till Oct 25ICBA sues OCC over crypto trust bank charters
6.9 Regulation ICBA sued the OCC over its rule allowing crypto firms to get national trust bank charters, claiming it exceeds authority and lacks consumer safeguards.
The Independent Community Bankers of America (ICBA), representing banks with less than $10 billion in assets, has filed a lawsuit against the Office of the Comptroller of the Currency (OCC) in the US District Court for the District of Columbia. The lawsuit challenges the OCC's March 2026 rule and related guidance, which allow cryptocurrency firms and other non-fiduciary entities to obtain national trust bank charters. The ICBA argues that this move exceeds the OCC's authority under the National Bank Act. According to the ICBA, the rule grants legitimacy to crypto firms without imposing the same regulatory requirements as traditional banks, such as the Community Reinvestment Act and FDIC insurance. The ICBA seeks to have the rule and related approvals revoked, asserting that consumers expect federally chartered banks to provide federal protections, which digital asset firms under these charters do not offer.
