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Advocacy groups oppose banks filing lawsuits against Office of the Comptroller of the Currency (OCC)

2026-10-06 04:21:41
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The Crypto Innovation Council supports OCC's approval of crypto company licenses, saying litigation aims to curb innovation

The Crypto Innovation Council (CCI) expressed support for the Office of the Comptroller of the Currency (OCC)'s move to approve licenses for multiple crypto companies, and pointed out that the lawsuit filed by the Independent Community Bankers Association of America (ICBA) is an attempt to stifle innovation.

On Monday, CCI CEO Ji Hun Kim said the ICBA lawsuit was a "clear attempt to resist competition in the fields of national trust licensing, payment innovation, and financial services." Although some lawmakers accused exchanges of "wanting to evade the basic safeguards and obligations that come with being a bank," the crypto advocacy group firmly supports the OCC's national trust license and conditional approval of crypto companies.

ICBA filed a lawsuit on Friday in the U.S. District Court for the District of Colombia, accusing the OCC of approving U.S. banking licenses to entities, including crypto companies, without providing adequate safeguards or complying with requirements that normally apply to banks.

ICBA President and CEO Rebecca Romero Rainey said in a statement issued on Friday: "Congress did not create the National Trust Licence to allow crypto companies seeking the credibility of federal banking licenses to bypass Community Reinvestment Act obligations, merger regulation, capital and liquidity standards, and FDIC insurance for insured deposit-taking institutions, thereby using the banking system as its 'side door' entry."

据报道,在特朗普总统领导下,OCC 已批准或附条件批准了 World Liberty Financial、Circle、Ripple、Fidelity Digital Assets、BitGo 和 Paxos 等公司的申请。许多议员对 World Liberty 的批准表示批评,该批准是在 OCC 负责人 Jonathan Gould 任内做出的,他由特朗普提名,自 2025 年 7 月起任职。特朗普家族成员共同创立了这家加密公司,该公司曾因涉嫌与阿联酋王室家族有关联而成为调查目标。

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