Leading US Banks Consider Suing Regulator Over Cryptocurrency Banking Rules
Several of the largest banks in the United States are considering taking legal action against the country’s banking regulator over new rules related to cryptocurrency companies. The dispute centers on decisions made by the Office of the Comptroller of the Currency (OCC), which has recently made it easier for crypto and fintech companies to obtain special banking licenses. The possible lawsuit is being discussed by the Bank Policy Institute (BPI), a group that represents about 40 major American banks. Members of the group include some of the biggest names in global finance, such as JPMorgan Chase, Goldman Sachs, and Citigroup.…