$XRP U.S. Banks Request Delay on Decisions for Circle and Ripple Bank License Applications

AI Summary

According to a report by Deep Tide TechFlow, on July 21, a coalition of banks and credit unions jointly wrote to the Office of the Comptroller of the Currency (OCC), requesting a delay in the decision on the bank license applications of cryptocurrency companies such as Circle and Ripple.

The banking industry believes that these applications lack sufficient information for public assessment, and that the business models of cryptocurrency companies differ fundamentally from traditional trust banks.