The Independent Community Bankers of America filed a federal lawsuit on Friday against the Office of the Comptroller of the Currency over crypto trust charters. ICBA alleges that the agency is asserting chartering powers not authorized by the National Bank Act and imposing less regulatory oversight than community banks face. ICBA says this puts small banks at a severe competitive disadvantage. An OCC spokesperson said the agency does not comment on litigation. However, crypto trust companies do not operate under the same business model or intend to offer the same services as typical community banks.