Ripple CEO dey beg make dem regulate crypto and bank charter equal
Ripple CEO Brad Garlinghouse yan ask make regulatory body dem give same crypto regulation to companies wey dey follow AML, KYC, and OFAC standards. For DC FinTech Week, e talk say if dem give crypto companies national bank charter plus access to Federal Reserve master account, e go make fund transfer easy and fit join crypto for main finance. E come yan say some banking lobby groups dey block OCC approvals and warn say uneven rules dey stop fair competition and industry growth. Garlinghouse talk say even if SEC or White House change leaders, e no go solve the regulatory wahala alone. E talk say consistent oversight and equal crypto regulation go help innovation, protect users, and reduce system risk. At the same time, Wisconsin Assembly Bill 471 dey show say people dem dey serious about crypto compliance as e propose new licensing rules for digital asset businesses.
Bullish
Garlinghouse push for equal crypto regulation and national bank charter fit likely make XRP dey go up. For short term, good feeling fit boost trading volume as investors dey expect say fiat and crypto go join well through Federal Reserve master accounts. For long term, clear regulation go reduce system risk and make institutions take am, fit increase demand for XRP as utility currency for cross-border settlements once Ripple get bank charter. Plus, fair field fit set example for other crypto companies, make market stable well well.