By Michael Adeleke Key highlights: Rain filed an application on Monday to set up Rain National Trust Bank in New York. The bank would offer custody, stablecoin reserve management and issuance for institutional clients. The filing came days after a community bank group sued the OCC. Rain, a company that provides payments tools for stablecoins, […]
Tag: ICBA
By Michael Adeleke Key highlights: The Independent Community Bankers of America (ICBA) filed suit against the OCC. The group said Congress did not give the OCC power to grant national trust charters to crypto firms. It wants the court to cancel a conditional charter given to Protego Holdings. A trade group for small US banks […]
By Emir Abyazov Key highlights: Coinbase’s trust license plan sparks a sharp reaction from U.S. banks ICBA warns the exchange could struggle in bear markets Coinbase hits back, accusing bankers of protecting their turf Coinbase executives have criticized U.S. banks for opposing the cryptocurrency exchange’s effort to secure a national trust company license, a step […]