ICBA to OCC: Reject Ripple’s Bank Application Over Stablecoin and Compliance Issues

The Independent Community Bankers of America (ICBA) has issued a letter to the Office of the Comptroller of the Currency (OCC), formally opposing Ripple’s application for a national bank charter. ICBA pointed out several systemic risks related to Ripple’s proposed stablecoin RLUSD, including its non-compliance with law and ordinance. Why is the ICBA Opposing Ripple’s … source: https://coinpedia.org/news/icba-to-occ-reject-ripples-bank-application-over-stablecoin-and-compliance-issues/