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Ripple Joins Circle in High-Stakes Play for Coveted US Banking License
Ripple Joins Circle in High-Stakes Play for Coveted US Banking License
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Ripple just upped the ante in the crypto-regulation showdown—throwing its hat in the ring for a US banking charter hot on the heels of stablecoin giant Circle. Because what’s a blockchain revolution without a little regulatory capture?
Why this matters: A banking license would let Ripple mint its own stablecoin, process payments like a traditional bank, and finally give the SEC fewer reasons to sue them. Talk about a pivot.
The cynical take: Watch Wall Street suddenly ‘discover’ blockchain now that crypto firms are playing by their rulebook—complete with compliance departments and 9am PowerPoint meetings.
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