ICBA Sues OCC Over National Trust Charters for Crypto Firms

The legal front now matters as much as the licensing one: a national trust charter is the federal foothold crypto firms have sought, and ICBA is attacking the OCC's authority to grant it rather than any single applicant's fitness. Naming a broad slate of applicants and recipients, from Circle and Ripple to Fidelity and World Liberty Financial, turns this into a sector-wide test of whether crypto can sit inside the national banking perimeter or only alongside it. The open question is how the court treats the OCC's interpretive leeway, and whether charter processing slows while the challenge proceeds.