Crypto Giants Circle and Ripple Hit Regulatory Roadblocks in Bank Charter Ambitions
Wall Street pushes back as blockchain heavyweights Circle and Ripple face uphill battles for banking legitimacy.
Traditional finance gatekeepers are slamming the door on crypto's latest bid for mainstream acceptance. The banking establishment—never known for embracing disruption—is mounting fierce resistance to Circle's USD Coin ambitions and Ripple's cross-border payment dreams.
Behind the scenes: Lobbyists are working overtime to protect the old guard's turf. Compliance costs? Regulatory scrutiny? Suddenly everyone's concerned about 'consumer protection' when crypto comes knocking.
The irony? These same institutions that nearly cratered the global economy in 2008 now positioning themselves as the responsible adults in the room. How very... predictable.
