Bank group sues U.S. regulator over granting crypto trust charters
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The Independent Community Bankers of America filed a lawsuit against the Office of the Comptroller of the Currency over crypto trust charters. The complaint targets Protego’s conditional approval and seeks to block the agency from granting charters under its disputed rule and guidance.
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What it means
Banks and crypto firms that use or seek trust-charter routes are the most immediate audience for this filing. The challenge centers on the OCC’s handling of Protego’s conditional approval, so those watching charter access will see a live dispute over whether the agency can keep using that path.
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