A group representing community banks has sued the OCC, a US bank regulator. The case is about the agency's decision to let cryptocurrency companies obtain limited national trust bank charters. The report was published on Oct 3, 2026.
The banking group says the OCC acted outside its powers. In its view, Congress never gave the agency the authority to grant these charters to crypto firms. The lawsuit asks the court to treat the decision as going beyond the agency's mandate.
Many details are not in the report. It does not name the banking group or the court. It does not say which crypto companies hold or have applied for the charters. It also gives no response from the OCC. Nobody knows yet how or when the case will end.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The dispute is about whether crypto firms can hold US trust bank charters. The report says nothing about funding rates, trading fees or liquidity on these exchanges. As of today, the lawsuit has no measurable effect on what a perpetual position costs to hold.
Source: cointelegraph — Community banks sue OCC over trust bank charters of crypto firms