Ripple & Circle Face Pushback Over National Banking Licenses

🏛 Several major U.S. banking associations are urging regulators to reconsider granting national banking licenses to crypto firms like Ripple and Circle.

🔍 Key Concerns Raised:

• Regulatory transparency gaps

• Systemic risk in extending trust charters to crypto-native firms

• Questions over whether crypto entities meet traditional banking standards

🌐 As Ripple and Circle pursue national trust charters to expand their stablecoin and crypto infrastructure operations, this resistance marks a crucial regulatory moment for the intersection of banking and blockchain.$SUI