According to Cointelegraph, a cryptocurrency advocacy group has formally responded to a legal action filed by banks challenging the Office of the Comptroller of the Currency’s authority to grant charters to crypto-related companies. The response comes after banks initiated the lawsuit asserting that the OCC lacks proper jurisdiction over charter approvals for certain crypto enterprises.
The group, identified in the source as CCI (Crypto Innovation Collective), stated in its reply that it remains confident in the OCC’s decision to approve charters for crypto companies, regardless of the ongoing legal challenge. The organization did not alter its position despite external pressure or the filing of the lawsuit by banks.
No details about the timing of the response relative to the lawsuit filing were provided. The advocacy group emphasized that its confidence reflects continued reliance on the OCC’s established process for charter evaluations related to digital asset businesses. No statements from regulators, banks, or additional parties are included in the facts provided.
The reply serves as a direct counterpoint to the banks’ legal assertion; it does not reference prior negotiations, public comments, or changes to policy. The focus remains on the group’s stated position following the lawsuit.
According to Cointelegraph, the advocacy group — referred to in source material as CCI — has issued a formal response to banks’ lawsuit challenging the OCC’s authority to grant charters for crypto companies. The group, per its representative Ji Hun Kim, ‘remains confident’ in the OCC’s charter approvals for crypto firms despite the legal action filed by banks.
