#XRPETF The regulatory framework in the United States for cryptocurrency companies is experiencing a moment of excitement. While names like Coinbase, Circle, BitGo, and Paxos have set their sights on obtaining banking licenses, seeking to fully integrate into the traditional financial system, a question looms in the air with the force of a breaking news headline: why does Ripple seem to be marching to a different beat?

The information, revealed by the Washington Post, has sparked an interesting debate in the crypto community. It is no wonder. Seeing direct competitors actively seeking regulatory approval to operate as banks or issuers of stablecoins and not seeing Ripple in that same race raises eyebrows and generates questions.