In a bold move, Brad Garlinghouse, CEO of Ripple Labs, has taken a stand against Wall Street's financial lobbyists, who are resisting the integration of cryptocurrency firms into traditional banking systems. According to the results published in the material, this confrontation highlights the growing tension between established banking institutions and the burgeoning digital asset sector.
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Garlinghouse has openly criticized the tactics employed by Wall Street, accusing them of attempting to block Ripple and similar companies from accessing the banking ecosystem. He argues that such obstruction not only stifles fair competition but also hinders the progress of crypto firms that are seeking equal regulatory treatment in the financial landscape.
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The Ripple CEO pointed out that limiting access to essential banking services significantly restricts the growth and innovation potential of cryptocurrency companies. This ongoing struggle for legitimacy underscores the challenges faced by digital asset firms as they navigate a complex regulatory environment, aiming to establish themselves within the traditional financial system.
In a related development, Coinbase has announced the suspension of OMNI perpetual contracts, effective October 21, 2025, raising concerns among traders. For more details, see more.
