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Ripple CEO Slams Wall Street Banks Blocking Fed Master Accounts for Crypto
Ripple CEO Slams Wall Street Banks Blocking Fed Master Accounts for Crypto
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Wall Street's gatekeeping hits new heights as traditional banks fight to keep crypto locked out.
The Banking Blockade
Ripple's chief executive just unleashed on major financial institutions opposing Federal Reserve master account access for cryptocurrency firms. The move exposes the industry's desperate attempt to maintain their crumbling monopoly over financial services.
Master accounts would let crypto companies connect directly to the Fed's payment system—bypassing the traditional banking middlemen who've been charging premium fees for decades. No wonder they're fighting tooth and nail to keep the status quo intact.
Another day, another attempt by legacy finance to protect their profit margins while innovation waits at the door.
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