As Crypto Firms Press for OCC Charters, Banking Industry Takes a Stand

Also, watchdog dings Fed on cybersecurity; SEC extends compliance date for market structure rule

Looking to capitalize on the Trump administration’s ardor for financial innovation, crypto and fintech firms are lining up to secure what has been an elusive prize: a federal banking charter. The most powerful lenders in the country, however, are moving to protect their turf.

The burgeoning battle is being enjoined at the OCC, which has received more tha…