The U.S. Banking Policy Institute (BPI), representing major banks such as JPMorgan Chase, Goldman Sachs, and Citigroup, is contemplating legal action against the Office of the Comptroller of the Currency (OCC) over its recent relaxation of national trust licensing rules. BPI argues that granting bank-like licenses to crypto and fintech companies could undermine consumer protection and financial stability. The association has previously opposed licensing for firms like Circle and Ripple.