The American Bankers Association (ABA) has urged the Office of the Comptroller of the Currency (OCC) to halt the approval of national trust bank licenses for cryptocurrency and stablecoin companies. In a comment letter, the ABA emphasized the need for clarity on the regulatory framework under the GENIUS Act before proceeding with such approvals. The association highlighted unresolved federal and state regulatory obligations faced by current applicants and raised concerns about risks related to client asset segregation and conflicts of interest. The ABA also warned that these licenses could potentially be used to bypass regulations set by the SEC or CFTC. Additionally, the association called for increased transparency in capital and operational standards and recommended prohibiting non-bank institutions from using the term "bank" in their names to prevent consumer confusion.