Big US banks warn that OCC crypto bank charters could weaken the banking system ⚠️
🔍 What’s the issue?
• Crypto firms getting “bank-like” licenses
• No FDIC insurance
• Fewer capital & liquidity rules
🏦 Banks say:
“This creates unfair rules & risks financial stability.”
📉 Why it matters for crypto?
• More regulation debates ahead
• Short-term uncertainty
• Long-term: crypto moving closer to traditional finance
💡 Market Take:
Fear now, clarity later. Regulation = volatility 📊
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