US Banks Urge OCC to Halt Crypto National Bank Charter Reviews Amid Policy Shift

US banking industry groups have formally requested the Office of the Comptroller of the Currency (OCC) to suspend its review of national bank charters specifically tied to cryptocurrency activities. This appeal comes as regulatory standards are anticipated to evolve under the broader digital asset policy direction associated with Donald Trump's administration. The industry's rationale is that such charter approvals should be deferred until the U.S. Congress establishes comprehensive and clear federal oversight rules for the burgeoning cryptocurrency sector. This proactive stance by traditional banks highlights a growing demand for regulatory clarity and stability, aiming to prevent potential conflicts or inconsistencies that could arise from premature approvals amidst an an uncertain future policy environment for digital assets.