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Banks Sue OCC Over Crypto Trust Charters

Guavy AI Editorial Team
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A group of banks has filed a lawsuit against a U.S. regulator over granting charter certificates to cryptocurrency trusts.

The lawsuit, which was reported by BitRss on [date], claims that the Office of the Comptroller of the Currency (OCC) violated banking laws by allowing crypto trusts to obtain charters.

The plaintiffs argue that the OCC's decision allows these crypto trusts to engage in activities that are normally restricted to banks, such as accepting deposits and making loans.

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