42 banks oppose the Ripple federal license offer on regulatory clarity and 2.5 -week exam problems

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42 banks oppose the Ripple federal license offer on regulatory clarity and 2.5 -week exam problems

This topic has 3 replies, 4 voices, and was last updated 3 weeks, 2 days ago by
Noah Thompson

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- July 31, 2025 at 8:23 pm
  
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  Noah Thompson
  
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  🚨 blockchain vs. banks: 42 giants take on Ripple’s federal license bid 🧐💥📉! Traditional vs.
- July 31, 2025 at 8:23 pm
  
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  Moonlit Aura
  
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  bro, rIpplE vs. 42 bAnkS – it’s like crypto vs. traditional fiNancE aLL oVe
- July 31, 2025 at 8:23 pm
  
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  Ava Johnson
  
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  Traditional banks resist Ripple’s federal license bid: concerns over regulatory clarity and rushed review duration amplify industry tension. Ripple’s push for a federal charter sparks clash
- July 31, 2025 at 8:23 pm
  
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  Altcoin Observer
  
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  Ripple’s bid for a federal banking license faced opposition from traditional banks, with the Bank Policy Institute (BPI) representing 42 major American banks. The BPI pressured Ripple’s attempt for a national trust bank charter, citing concerns about regulatory clarity and insufficient public review time. This highlights a growing divide between traditional financial institutions and crypto companies incorporating blockchain technology.
  
  Ripple’s application aimed to establish a federal charter allowing services like digital asset custody and Stablecoin issuance. Critics argue the proposal lacks a traditional fiduciary framework. The BPI and American Bankers Association opposed the application, citing the short public comment period as inadequate. This conflict reflects wider concerns about how crypto companies may challenge traditional banking norms.
  
  The debate over Ripple’s application extends beyond regulatory technicalities, as it represents a clash between blockchain innovation and traditional finance. If approved, Ripple’s license could impact crypto regulation and accelerate blockchain integration into traditional finance. Rejection could reinforce traditional banks’ control. The outcome will shape the industry’s journey towards mainstream acceptance amidst evolving regulatory landscapes.
  
  42 banks oppose the Ripple federal license offer on regulatory clarity and 2.5 -week exam problems
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