The Bank Policy Institute (BPI), which represents Wall Street giants such as JPMorgan Chase, Goldman Sachs, and Citigroup, is considering a lawsuit against the Office of the Comptroller of the Currency (OCC) over its decision to grant federal banking charters to crypto and fintech firms. The move comes after the OCC effectively lowered the bar for these companies to obtain national trust bank charters, allowing them to operate across all 50 states. The BPI has warned that this could blur the statutory boundary of what it means to be a bank and undermine the credibility of the national banking charter itself. The American Bankers Association has also urged the OOC to slow its charter approvals while stablecoin and digital asset regulatory frameworks remain unfinished.