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OCC Approves Crypto Trust Bank Charters and Is Sued by ICBA

DevelopingPolicyOtherFirst tracked 2026-08-24Last changed 2026-10-03

Current outcome

The OCC's approval of crypto trust banks faces a legal challenge from the ICBA.

Progress timeline

4 material updates
  1. #01
    Initial2026-08-24 · edition date

    OCC Approves Crypto Trust Banks That Aren't Traditional Banks

    Source evidence: CryptoSlate

  2. #02
    Confirmation2026-09-19 11:47 · publication time

    Bastion wins conditional OCC approval for national trust bank charter

    Bastion received preliminary conditional OCC approval for a national trust bank charter to offer stablecoin custody, wallets, payment infrastructure, and white-label issuance under federal supervision.

    Source evidence: Cointelegraph

  3. #03
    Escalation2026-10-02 21:45 · publication time

    ICBA Sues OCC Over Crypto Trust Charters

    The ICBA has sued the OCC to block its crypto trust chartering regime, challenging Protego's conditional approval and seeking to stop the agency from issuing further charters under the contested rule and guidance.

    Source evidence: The Defiant · foresightnews

  4. #04
    Escalation2026-10-03 07:59 · publication time

    美国银行游说团体正阻止加密公司获得联邦信托银行牌照

    The Independent Community Bankers of America (ICBA) sued the U.S. Office of the Comptroller of the Currency (OCC), arguing it lacks legal authority to grant national trust bank charters to crypto companies including Coinbase, Circle, and World Liberty Financial.

    State after update: The OCC's approval of crypto trust banks faces a legal challenge from the ICBA.

    Source evidence: theblockbeats

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