⚖️ XRP Lawyer John Deaton Slams ABA’s Attempt to Block Ripple & Circle Bank Licenses

📢 Prominent crypto attorney John Deaton has publicly condemned the American Bankers Association (ABA) for urging the U.S. Office of the Comptroller of the Currency (OCC) to deny federal bank charters to crypto firms like Ripple and Circle.

🏛 The ABA’s move underscores traditional finance's growing resistance to crypto-native companies entering the regulated banking system.

💬 Deaton didn’t hold back, stating that this push "stifles innovation and undermines regulatory clarity."

🔍 What this means:

• The battle between TradFi and DeFi continues to intensify

• The outcome could define how crypto firms scale into the regulated finance world

• Access to banking infrastructure remains a key milestone for mass adoption

#Ripple #Circle #XRP #CryptoLaw #BankLicenses

https://coingape.com/xrp-lawyer-condemns-aba-move-to-block-ripple-and-circle-bank-licenses/?utm_source=bnb&utm_medium=coingape