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12 Mar 2026

Binance push back on scrutiny over Iran-linked crypto flows

U.S. Banking Lobbies push back on the OCC granting national trust bank charters to crypto firms. Mastercard launches a crypto partner program. In trending topics, we cover the increased scrutiny on Binance and Binance’s pushback following the war in Iran.
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Bank lobby considers suing OCC
The Bank Policy Institute (BPI), a major U.S. banking lobby whose board includes CEOs from JPMorgan, Goldman Sachs, and Bank of America, is considering a lawsuit against the Office of the Comptroller of the Currency (OCC). The dispute centers on the OCC granting national trust bank charters to crypto and fintech firms. Banks argue the regulator is reinterpreting federal licensing rules and giving these companies federal legitimacy without requiring them to meet the same capital and compliance standards as traditional banks.Opposition to the policy also comes from the American Bankers Association, state r
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