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US Regional Bank Group ICBA Sues OCC Over Trust Bank Charters for Crypto Firms

  • ICBA filed the suit in Washington, D.C. federal district court on October 2.
  • The lawsuit targets the OCC's practice of issuing national trust bank licenses to crypto asset firms.
  • ICBA represents U.S. community and regional banks and argues the charters raise competitive and regulatory concerns.

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