
🔥UPDATE: RIPPLE HAS BANKS ON THE ROPES BPI has just attempted to block @Ripple's Banking license. $XRP $RLUSD Let's remember who BPI represents: an industry lobbying group. 👀BPI represents 42 of the largest U.S. banks and acts as their policy advocate and lobbying organization. 👀BPI argues that the public only had 2.5 weeks to review Ripple's application (from July 16 to August 4, 2025), which is inadequate for such a novel banking application involving cryptocurrency activities. 🏦Regulatory Uncertainty: The pushback suggests the traditional banking industry views Ripple's crypto-banking hybrid model as potentially problematic, which could influence the OCC's decision-making. BPI's board Jamie Dimon @jpmorgan Brian T. Moynihan, @BankofAmerica Charles W. Scharf @WellsFargo Others: Citigroup, Goldman Sachs, Morgan Stanley, BNY-Mellon, PNC Bank, State Street, Truist, and U.S. Bank












