🇺🇸 U.S. Banking Giants Push to Halt Licenses for Ripple, Circle & Fidelity! 🚨💣
In a major twist shaking the crypto-regulatory landscape, five of the largest U.S. banking associations have officially called on federal regulators to pause or deny licensing for Ripple, Circle, and Fidelity’s digital asset operations. 🏦⚠️
📄 Their joint letter argues that granting these firms regulatory approval could “destabilize the traditional banking system” and “create unfair advantages for unregulated entities.”
💥 Targeted Companies:
• Ripple – Pioneer of global crypto payments via $XRP 🌐💸
• Circle – Issuer of $USDC , the second-largest stablecoin 🔄
• Fidelity – Wall Street titan turned digital asset custodian 🏛🔐
💡 Why this matters:
• 🧱 The clash between TradFi and DeFi is escalating.
• 📉 If successful, this could delay or derail mainstream crypto adoption in the U.S.
• 🗳 Comes ahead of a critical election where crypto policy could swing political outcomes.
🧠 Are traditional banks protecting consumers — or defending their turf from blockchain disruption?
👉 The pressure is building. Will regulators cave, or will innovation prevail?
