US banks are pushing back hard against new federal charters being granted to crypto firms like Ripple and Fidelity.
They argue it creates an unfair two-tier system: these crypto companies get the prestige of a national banking charter without having to follow the same strict rules-like carrying FDIC insurance or meeting traditional capital requirements.
The concern? It blurs the line for consumers, risks the system's stability, and could leave everyone exposed if a major crypto-trust bank were to fail.
What do you think-is this a necessary evolution or a dangerous loophole?
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