Ripple’s pursuit of a US charter bank license has hit a significant hurdle after the Independent Community of Bankers of America (ICBA) filed a detailed opposition with the US Office of the Comptroller of the Currency (OCC). The seven-page letter warns that Ripple’s planned stablecoin operations through Ripple National Trust Bank (RNTB) could sidestep traditional banking regulations, raising compliance and consumer protection concerns.

Ripple Faces Opposition To Bank Charter Bid

According to reports from XRPBank on X social media, Ripple’s ambitions to secure a federally chartered trust bank for its proposed subsidiary, RNTB, have met sharp resistance from the ICBA. In a formal seven-page opposition letter addressed to Sebastian R. Astrada, Director for Licensing of the

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