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Community Bankers Sue US Banking Regulator Over ‘Side Door’ Crypto Charters

The Independent Community Bankers of America filed a federal lawsuit against the U.S. banking regulator alleging that it overstepped its authority under the National Bank Act by granting national trust bank charters to crypto companies. Allegations of Statutory Overreach The Independent Community Bankers of America (ICBA) filed a federal lawsuit against the Office of the…

Seal of the Office of the Comptroller of the CurrencyThe Independent Community Bankers of America filed a federal lawsuit against the U.S. banking regulator alleging that it overstepped its authority under the National Bank Act by granting national trust bank charters to crypto companies. Allegations of Statutory Overreach The Independent Community Bankers of America (ICBA) filed a federal lawsuit against the Office of the […]

Source: https://news.bitcoin.com/regulation-and-legal/community-bankers-sue-us-banking-regulator-over-side-door-crypto-charters/