Topic

National Trust Bank Charters

Federal charters the OCC grants to national trust banks for custody and fiduciary services; crypto and stablecoin firms increasingly seek them.

Current stories

investConfirmed6 publishers

Rain files for a stablecoin trust bank three days after community bankers sued to stop new charters

Rain applied for an OCC trust bank that would issue stablecoins and hold their reserves, three days after community bankers sued to block such charters. If the bankers win, the payments firm's application could sit waiting on the case.

Publishers:coindesk.com cointelegraph.com crypto.news cryptobriefing.com pymnts.com thepaypers.com

Perspective Coverage

6 publishers

Builder: Builder 24%
Operator: Operator 46%
Investor: Investor 30%

Reality

Evidence60
Adoption8
Hype gap+10
Incentives62
Confidence64

investConfirmed2 publishers

ICBA's lawsuit asks post-Chevron courts whether 13 crypto trust charters fit a 1978 statute

ICBA's lawsuit challenges the OCC's authority behind 21 national trust bank charters cleared in Trump's second term, 13 of them for crypto companies. With Chevron gone, judges will read the 1978 statute for themselves in a case expected to run for years.

Publishers:americanbanker.com pymnts.com

Reality

Evidence55
Adoption40
Hype gap+20
Incentives60
Confidence55

investConfirmed10 publishers

Community bankers sue the OCC over trust charters approved for at least 13 crypto firms

Community bankers sued the OCC, arguing it lacks National Bank Act authority for trust charters approved for 21 firms, at least 13 of them crypto companies. The charters matter most to stablecoin issuers seeking room above the $10 billion cap on state-qualified issuers.

Publishers:americanbanker.com coindesk.com cointelegraph.com crowdfundinsider.com cryptobriefing.com cryptopolitan.com cryptoslate.com decrypt.co gizmodo.com news.bitcoin.com

Perspective Coverage

10 publishers

Builder: Builder 14%
Operator: Operator 49%
Investor: Investor 37%

Reality

Evidence72
Adoption50
Hype gap+20
Incentives70
Confidence70

investConfirmed2 publishers

OCC clears a Trump-linked trust bank for USD1, and BitGo loses the issuer seat

World Liberty Trust Company won preliminary conditional approval for a national trust charter. Its business plan takes the issuing and custody role for USD1 away from BitGo.

Publishers:americanbanker.com decrypt.co

Reality

Evidence74
Adoption: Not scored
Hype gap+20
Incentives72
Confidence66

investConfirmed3 publishers

An Abu Dhabi royal group and the Trump family hold 87% of USD1's chartered custodian

The Wall Street Journal puts StringZ Holding at 49% of WLTC Holdings and a Trump family entity at 38%, which leaves 13% for everyone else, with the OCC's signed non-control letters standing as the documented limit on that influence.

Publishers:cnbc.com cointelegraph.com crypto.news

Perspective Coverage

3 publishers

Builder: Builder 8%
Operator: Operator 37%
Investor: Investor 55%

Reality

Evidence58
Adoption35
Hype gap+15
Incentives68
Confidence62