ICBA Objects to Crypto Bank Charters
The Independent Community Bankers of America (ICBA), a U.S. banking trade group, officially filed a letter with the Office of the Comptroller of the Currency (OCC), a federal banking regulator. The letter explicitly urges the OCC to deny trust bank charters for several crypto firms, specifically naming Ripple and Circle. The letter also mentioned Paxos and other unnamed firms. The initial announcement garnered over 40,133 views and 251 likes. No decision has been announced by the OCC regarding these specific charter applications following the ICBA's filing.