The American Bankers Association has called on the OCC to slow down the approval of crypto trust banking licenses until the rules of the GENIUS Act are clear.

The American Bankers Association (ABA) has urged the Office of the Comptroller of the Currency (OCC) to slow down its approval of national trust bank licenses for cryptocurrency and stablecoin companies until the regulatory framework established under the GENIUS Act is fully clear. In a comment letter on Wednesday, the ABA warned that the current regulatory environment is unclear and that uninsured digital asset trusts pose unresolved risks regarding asset segregation, conflicts of interest, and cybersecurity. Previously, the OCC granted conditional national trust bank licenses to BitGo, Fidelity Digital Assets, Ripple, First National Digital Currency Bank, and Paxos in December 2025. (Cointelegraph)