GoKawiilSmall Banks Challenge Federal Charters for Crypto Firms Including Coinbase and Ripple
A group of smaller banking institutions has filed lawsuits aiming to prevent the issuance of national trust charters to cryptocurrency companies such as Coinbase and Ripple. Recently, World Liberty Financial, a firm linked to former President Trump, was granted a conditional trust charter by federal regulators. The legal action seeks to restrict the expansion of crypto firms into traditional banking frameworks.