Community Bank Group Sues U.S. Regulator Over Crypto Trust Charters
The Independent Community Bankers of America has asked a federal court to overturn OCC rules that let crypto firms obtain national trust bank charters.
AfroEuropa Newsroom
AfroEuropa desk
A trade group representing U.S. community banks has filed suit against the Office of the Comptroller of the Currency (OCC), alleging that the regulator went beyond its legal authority by permitting cryptocurrency companies to secure national trust bank charters.
The Independent Community Bankers of America (ICBA), whose members typically hold less than $10 billion in assets, lodged the case in the U.S. District Court for the District of Columbia. The group is seeking to strike down an OCC rule and accompanying guidance that ease the path for crypto firms to apply for national trust charters, according to BitKE and CoinDesk.
Keep reading
Most Large UK Financial Firms Expect Tokenisation to Reshape the Sector: Lloyds Survey
A Lloyds survey of 100 senior executives found 71% expect tokenisation to transform financial services, with faster payments and settlement seen as the main benefit.
Other highlights
California Subpoenas OpenAI Over AI Models Linked to Hacking Incidents
California's attorney general has compelled OpenAI to hand over information about cybersecurity incidents involving its AI models, including a reported breach of Hugging Face.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
