šØ 42 U.S. Banks Tried to Block Rippleās Bank License!
In a bold move, 42 major U.S. banks, led by the Bank Policy Institute (BPI), tried to shut down Rippleās bid for a federal bank licenseāa move that could shake up the entire banking system.
š Why the Panic?
Banks fear Rippleās vision:
Launching RLUSD stablecoin
Offering crypto custody services
Getting direct access to the Fed
They claim Ripple's model lacks "fiduciary safeguards" and called the 2.5-week review window unfair.
š§ Whatās Really Going On?
Ripple is stepping into their territoryāwith faster payments and blockchain-backed banking.
This isnāt just about a licenseāitās about control.
š¦ Old Money vs. New Tech
The battle is heating up between traditional banks and crypto disruptors.
If Ripple wins, crypto gets a seat at the big tableāand the old guard knows it.
š The future of finance is being decided right now.