Community banks filed a lawsuit against banking regulators on Friday, targeting the trust bank license issued to crypto companies. This administration has issued a total of 21 licenses, and at least 13 of them are for crypto-related businesses. Their argument is that these companies operate under a 'bank' label, but don’t have to buy deposit insurance or comply with the Community Reinvestment Act. The cost savings from skipping these requirements become their competitive edge to steal customers. In the same week, over 90 banks and credit unions in North Dakota moved U.S. dollars onto Solana. Interbank transactions are now happening directly on this chain. The initiative is led by Fiserv, and the issuer is a licensed bank. The tokens aren’t available to the public—they’re strictly for interbank use. This chain runs on U.S. dollars. The tokens are issued by banks and received by banks. I’m betting this lawsuit won’t stop it. Next year, banks will dominate the growth of on-chain U.S. dollars.