🇺🇸 Ripple is "blocked" by ICBA!
The Independent Community Bankers of America (ICBA), representing ~5,000 local banks, has just sent a "letter of concern" opposing Ripple's request to establish Ripple National Trust Bank (RNTB) and issue the stablecoin RLUSD.
According to ICBA, Ripple is trying to "magically" become a bank without playing by the rules. The issuance of the stablecoin could disrupt the flow of money in the system, threatening financial stability, and ICBA does not forget to lightly remind of Ripple's "not very transparent" past.
💥 Conclusion: If Ripple wants to be a bank, it must first “learn the rules”!
#RippleNews #CryptoRegulation #StablecoinDrama #USBanking #RLUSDWatch
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