U.S. Senator issues stark warning over new banking loopholes

Crypto firms are hijacking the U.S. banking system through a massive regulatory loophole. By securing federal trust charters, companies like Ripple and Crypto.com are operating as "crypto banks" while evading the fundamental safeguards and FDIC insurance required of traditional banks. This isn't innovation; it's dangerous regulatory arbitrage that threatens our financial stability. Should we allow crypto to act like a bank without being one? Or is this the future of finance?
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