US Comptroller warns banks against obstructing crypto trust charters

Jonathan Gould, the U.S. Comptroller of the Currency, has criticized the traditional banking industry for obstructing cryptocurrency firms from obtaining trust bank charters, CoinDesk reported. He stated that there is no reason to treat digital assets differently from traditional ones and that banks should not be confined to outdated technologies or business models. Over the past year, the number of new charter applications rose to 14, with many related to digital assets and other financial technology services, Gould noted. He added that his office is also investigating de-banking measures, where banks restrict access to services for crypto-related companies.