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Competition between traditional banks and the crypto industry has heated up again in the United States. The Independent Community Bankers of America (ICBA) has filed a lawsuit against the Office of the Comptroller of the Currency (OCC) regarding the regulator’s decision to grant national trust bank charters to several crypto companies. ICBA believes the move grants legitimacy to crypto companies without the same standards of oversight as community banks. However, the charter has limitations: companies may manage digital assets and process payments, but they are not allowed to accept cash deposits or make loans like conventional banks. This case is interesting because its outcome could help shape how crypto companies operate within the U.S. financial system. Source: Reuters