Ramp has applied to establish an OCC-supervised trust bank for digital asset custody and investment management, but approval, supported assets and launch timing remain unclear. Its existing $5 billion-plus in customer balances are separate—and a legal challenge to the OCC’s chartering framework adds uncertainty.
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Community bankers are asking a federal court to overturn an OCC rule they say lets trust banks pursue business beyond their legal authority. The case challenges Protego Holdings’ conditional charter approval and could shape federal oversight of crypto firms.
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Coinbase Exec Slams Banks for Blocking Crypto Trust Charter in Battle for Financial Future Coinbase, a titan in the cryptocurrency arena, is locked in a fierce showdown with U.S. banks over its bid for a federal trust charter. Chief Legal Officer Paul Grewal has called out the Independent Community Bankers of America (ICBA) for opposing […]
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