Current outcome
The OCC's approval of crypto trust banks faces a legal challenge from the ICBA.
Progress timeline
4 material updates- #01
OCC Approves Crypto Trust Banks That Aren't Traditional Banks
Source evidence: CryptoSlate
- #02
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
- #03
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
- #04
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