From Yahoo Finance: 2025-04-21 11:21:00

Several top crypto companies, like Circle and Coinbase, are planning to apply for banking charters in the U.S., per Washington Post. Pro-crypto lawyer John Deaton expressed surprise at Ripple not pursuing a banking license. Some firms aim to operate like traditional banks, while others seek licenses for specific services like stablecoin issuance.

John Deaton, founder of CryptoLaw, challenged Senator Elizabeth Warren on crypto assets but lost the 2024 election. Ripple’s latest move includes acquiring prime broker Hidden Road for $1.25 billion. Hidden Road secured approval from FINRA to operate as a broker-dealer.

Ripple is close to settling its SEC lawsuit. According to Kraken’s price feed, XRP was trading at $2.13, up 3.3% in a day.



Read more at Yahoo Finance: Pro-crypto lawyer is surprised Ripple isn’t following Coinbase’s example