Ripple's pursuit of a US charter bank license is facing opposition from the Independent Community of Bankers of America (ICBA). The ICBA has filed a letter with the US Office of the Comptroller of the Currency (OCC),

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expressing concerns that Ripple's proposed stablecoin operations through Ripple National Trust Bank (RNTB) could bypass traditional banking regulations. This, they argue, could pose risks to compliance and consumer protection.

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