Bankers Lobby to Influence Crypto’s Leap into the Mainstream
2025-07-18 22:03:41
Main Idea
Banking associations are lobbying to influence the integration of cryptocurrency companies like Ripple and Circle into mainstream banking, with the recent GENIUS law imposing new regulations on the sector.
Key Points
1. Banking associations highlight the potential benefits and risks of granting nationally recognized bank licenses to cryptocurrency companies like Ripple and Circle.
2. The recently approved GENIUS law introduces extensive rules and limitations for crypto companies operating in the banking sector.
3. Ripple expresses commitment to operating within legal frameworks and sees the GENIUS law as potentially easing banking challenges for crypto firms.
4. Experts warn about the risks associated with crypto companies, including volatility, and emphasize the need for thorough research.
5. The dialogue between banking associations and crypto companies aims to improve transparency in regulatory processes.
Description
The U.S. banking sector is cautious about granting crypto firms national bank licenses. Continue Reading: Bankers Lobby to Influence Crypto’s Leap into the Mainstream The post Bankers Lobby to Influence Crypto’s Leap into the Mainstream appeared first on COINTURK NEWS .
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