What are the broader implications of crypto firms getting OCC trust charters?

[AIcash]

The issuance of trust charters to crypto companies represents a structural shift toward federally regulated digital asset infrastructure. However, it has also drawn scrutiny from traditional banking groups. The American Bankers Association warns that granting these charters to entities not involved in traditional fiduciary activities could blur the definition of a bank and create potential regulatory arbitrage opportunities. It reflects the growing tension between innovation in crypto infrastructure and established banking regulations.

[chainsniff]

aba: “this blurs the definition of a bank” yeah ok karen, calm down