The US Office of the Comptroller of the Currency reports that major national banks are easing long-standing restrictions on digital asset businesses following a review of industry practices.
A new OCC report alleges that nine major U.S. banks restricted financial services based on the political and religious views of their clients, prompting potential regulatory action.
The US Office of the Comptroller of the Currency confirmed that banks restrict services for crypto firms, citing financial crime concerns, following a 2025 executive order from President Trump.
Payments infrastructure firm Rain has applied to the OCC to launch a national trust bank, aiming to provide federally supervised custody for stablecoin assets.
Modern Treasury has applied to the OCC for a national trust bank charter to provide custody for stablecoins and fiat assets.
The Crypto Council for Innovation is defending the OCC's decision to grant national trust charters to crypto firms following a lawsuit filed by the Independent Community Bankers of America.
The Independent Community Bankers of America has sued the OCC to challenge the issuance of national trust bank charters to cryptocurrency firms.
The Independent Community Bankers of America has sued the OCC to block national trust charters for crypto firms, challenging 21 approvals issued since December 2025.
The Independent Community Bankers of America has sued the OCC, challenging its authority to grant national trust bank charters to cryptocurrency firms.
The ICBA is suing the OCC to challenge new rules that allegedly allow crypto firms to obtain national trust bank charters without meeting standard banking requirements.
The Independent Community Bankers of America has sued the OCC to challenge the issuance of national trust bank charters to cryptocurrency firms.
The Independent Community Bankers of America has sued the OCC over a rule allowing crypto firms to obtain national trust bank charters.
The OCC has updated its Cybersecurity Supervision Work Program to align with NIST standards and rescinded its previous 2023 guidance for banks.
Agora Atlas Corp. has received preliminary approval from the OCC to establish a federally chartered national trust bank in New York.
Stablecoin infrastructure provider Bastion has received preliminary conditional approval from the OCC for a US trust bank charter.
Block Inc. has filed an application with the OCC to launch Builders Bank & Trust, aiming to provide federally regulated custody services for bitcoin and stablecoins.
Fintech company Block is applying for a federal charter to launch Builders Bank & Trust for crypto custody services.
Block has applied for a national trust bank charter to establish Builders Bank & Trust for Bitcoin custody and stablecoin settlement.
Jack Dorsey's Block is seeking OCC approval to launch Builders Bank & Trust for federally supervised Bitcoin and stablecoin custody.
Block is seeking a national trust bank charter to establish Builders Bank & Trust, N.A. for secure asset custody services.
