Gould says trust charters have long had nonfiduciary scope

Key insight: Comptroller of the Currency Jonathan Gould says national trust banks have always been allowed to perform certain non-fiduciary functions and that custodying digital assets is no different.Supporting data: New bank applications fell from over 100 per year in the 1990s to about four annually in recent decades.Forward look: Gould says the OCC will continue individual reviews of digital asset firms' applications despite growing pushback from community banks.Comptroller of the Currency Jonathan Goul ...