Digital Chamber told OCC Comptroller Jonathan Gould to stand behind national trust charters granted to crypto firms after Sen. Elizabeth Warren argued the approvals may violate banking law. Warren says at least nine crypto firms are getting bank-like powers under lighter trust-company oversight; the industry counter is that the GENIUS Act effectively authorized OCC-supervised stablecoin issuers. The real fight is whether Coinbase, Ripple, Circle and peers become a federally supervised non-deposit crypto banking class, or get shoved back into the old state-by-state licensing maze.

TLDR by @Benthic