News•Mar 9, 2026
Top US Banks Weigh Suing Federal Regulator over Crypto Banking Rules
The Bank Policy Institute (BPI), representing major lenders such as JP Morgan, Goldman Sachs and Citigroup, is weighing a lawsuit against the Office of the Comptroller of the Currency (OCC) over its new national trust charter framework for crypto, payment and fintech firms. The OCC’s reinterpretation would let these companies operate across all 50 states with a lighter supervisory regime. Banks argue the move blurs the line between banks and fintech upstarts, increasing systemic risk. The debate follows a similar BPI challenge to the Federal Reserve’s stress‑test rules in 2024.
By The Guardian – Markets
