$XRP

🚨$*Crypto Charter Clash: ABA vs. Ripple and Circle*

💰🥁

🔈The American Bankers Association (ABA) is pushing to block Ripple and Circle from obtaining national trust charters, citing concerns over fiduciary requirements and transparency. Here's the lowdown:

📢- *ABA's Concerns*: Fiduciary requirements not met, public filings too redacted

- *Ripple and Circle's Goals*: Comply with GENIUS Act, expand services

- *Industry Response*: "Obstruction and sabotage" of innovation (John Deaton), "anti-competitive and regressive" (Vincent Van Code)

💰*What's Next?*❗

- OCC may pause charter reviews or request additional disclosures

- Lobbying efforts intensifying

- Outcome will shape US crypto regulation

*Key Players*

🧨- *Ripple*: Expanding payments and stablecoin services

- *Circle*: Overseeing USDC reserves

- *OCC*: Regulator deciding the fate of crypto charters

This clash highlights the debate between traditional finance and crypto, with implications for digital assets in the US.$USDC