Why does Ripple advocate for regulatory parity between crypto and banks?

[cryptohog]

A: Unequal rules create competitive disadvantages for compliant crypto firms. Parity would allow crypto companies to operate on the same footing, access Fed facilities, and offer banking-like services while maintaining transparency and adherence to AML/KYC laws. This fosters stability and institutional adoption.

[alex10]

Ripple’s push for parity aims to ensure innovation isn’t stifled by outdated banking rules.

[Nahid Hossen]

Equal treatment under financial law could finally legitimize crypto as part of mainstream finance.