TrustBankDebate

🚨 Ripple’s National Trust Bank Bid Sparks Major Backlash 🏦⚠️

🔥 Ripple’s push to launch Ripple National Trust Bank (RNTB) is facing fierce opposition from traditional banking players.

📩 The Independent Community Bankers of America (ICBA) – representing 5,000+ banks – has filed a formal objection to the OCC, warning that Ripple’s stablecoin RLUSD could:

🔻 Drain deposits from the banking system
⚠️ Replicate full-service bank functions without a full banking license
🔐 Bypass critical regulatory safeguards
💸 Blur the lines between trust banks and deposit-taking institutions

🧨 ICBA claims the OCC is letting stablecoin issuers dodge regulatory rules — and cites Ripple’s past AML & securities violations as red flags.

💬 “RLUSD acts like a deposit without following deposit rules.”

⚖️ The battle between legacy finance and blockchain innovators heats up — is this modernization or regulatory evasion?

#RippleCEO #RLUSD #CryptoNews #Stablecoins #Banking #Regulation #BinanceSquare #BlockchainVsBanks #TrustBankDebate #FinanceReform #OCC #ICBA #CryptoCompliance
#Notcoin #IPOWave