The Bank Policy Institute, a U.S. banking lobbying group, is considering suing the Office of the Comptroller of the Currency.

According to The Guardian, the Bank Policy Institute, a U.S. banking lobbying group, is considering suing the Office of the Comptroller of the Currency (OCC) for easing its national trust banking license policy for crypto and fintech companies. The group represents approximately 40 large banks, including JPMorgan Chase, Goldman Sachs, and Citigroup, and has previously opposed granting licenses to crypto companies such as Circle and Ripple, arguing that this move could weaken regulatory standards and increase systemic financial risk.