TechFlow, July 21 — According to Cointelegraph, a coalition of U.S. banks and credit unions jointly sent a letter to the Office of the Comptroller of the Currency (OCC), urging a delay in decisions regarding bank license applications from crypto firms such as Circle and Ripple. The banking groups argued that these applications lack sufficient information for public evaluation and that the business models of cryptocurrency companies fundamentally differ from those of traditional trust banks.
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