Big U.S. Banks Weigh Lawsuit Over Crypto Charter Push
Major U.S. banks, via the Bank Policy Institute, are weighing a lawsuit against the Office of the Comptroller of the Currency over its crypto and fintech licensing reforms that would allow a national trust charter and nationwide operations, arguing the lighter regulatory regime could undermine consumer protections and financial stability; the move has drawn opposition from state regulators and smaller lenders, with no decision yet on pursuing legal action.
