Rain Applies for US Trust Bank Charter Days After OCC Sued Over Crypto Approvals
Key Highlights Firms like Rain and Modern Treasury are actively pursuing national trust bank charters from the Office of the Comptroller of the Currency (OCC) to provide federally regulated custody and fiat services. The Independent Community Bankers of America (ICBA) filed a federal lawsuit against the OCC and Comptroller Jonathan Gould, asserting the agency exceeded ...