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42 Major Banks Unite to Block Ripple’s U.S. Banking License Bid – What’s Their Endgame?
42 Major Banks Unite to Block Ripple’s U.S. Banking License Bid – What’s Their Endgame?
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Ripple’s quest for a U.S. bank charter just hit a wall—42 traditional banks are lobbying hard to stop it. Here’s why they’re sweating.
The Battle Lines Drawn
Banks claim Ripple’s tech threatens their monopoly on moving money. Meanwhile, XRP holders brace for another regulatory showdown.
Old Money vs. New Rails
This isn’t just about compliance—it’s a last-ditch effort to slow down blockchain’s inevitable disruption. The irony? These same banks will probably buy Ripple’s tech once they lose.
Welcome to finance’s circular firing squad—where innovation gets ‘regulated’ to death before becoming mandatory.
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