US community banks sue OCC over crypto trust bank charters
- —ICBA seeks to void the March rule change and rescind Protego's charter
- —OCC has approved 21 trust banks since 2025, 13 crypto-related
- —Applications from Block, Rain and Modern Treasury remain pending
- —ICBA also objects to Block's two-layer ownership structure
Why it matters: The lawsuit could slow crypto firms' access to national bank charters and reshape how the industry plugs into the US banking system.
Source: CoinGeek