๐จ Ripple & Circle Face Pushback Over National Banking Licenses
๐ Several major U.S. banking associations are urging regulators to reconsider granting national banking licenses to crypto firms like Ripple and Circle.
๐ Key Concerns Raised:
โข Regulatory transparency gaps
โข Systemic risk in extending trust charters to crypto-native firms
โข Questions over whether crypto entities meet traditional banking standards
๐ 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.
#Ripple #Circle #CryptoRegulation #Stablecoins #Banking
https://coingape.com/ripple-circle-face-resistance-from-u-s-banking-associations-over-banking-license/?utm_source=bnb&utm_medium=coingape