Crypto Giants Seek Banking Licenses: A Betrayal of Decentralization or a Natural Evolution?

In the past week, prominent entities such as Circle and Ripple Labs have taken steps to secure banking licenses in the United States. While this is a positive development for crypto companies aiming for institutional adoption, it also sparks concerns among enthusiasts who prioritize a purist vision of cryptocurrency above all else. Representatives from XBTO and Kronos Research suggest that two seemingly contradictory ideas can coexist. They argue that while institutional adoption undeniably deviates from Satoshi’s core principles of decentralization and disintermediation, it also signifies that the crypto industry is maturing and taking a new form source: https://beincrypto.com/crypto-firms-pursue-us-banking-licenses/