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Why the Latest Wave of Crypto Firms Seeking US Bank Charters Raises Red Flags
📰 sources⭐ 7.0
TL;DR:
World Liberty Financial (WLFI) became the latest firm on Wednesday to apply for a national trust bank charter. It joined digital asset companies like Circle, Ripple, Fidelity Digital Assets, BitGo, and Paxos in a move that would allow it to expand stablecoin services.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence XRP price action and market sentiment in the near term.