XRP Price Eruption Hangs On As Ripple Applies For US National Bank Charter ⋆ ZyCrypto
The post XRP Price Eruption Hangs On As Ripple Applies For US National Bank Charter ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  On the heels of significant progress in its protracted legal battle, Ripple, the blockchain-based payments firm closely associated with the XRP cryptocurrency, confirmed Wednesday that it has filed an application with the U.S. Office of the Comptroller of the Currency (OCC)for a national banking license. The license would allow the company to potentially act as a custodian for its own reserves under federal banking regulations amid President Donald Trump’s explicitly crypto-friendly administration. Ripple’s application follows a similar move by Circle, signaling a trend among stablecoin issuers seeking federal oversight as U.S. legislation to regulate stablecoins and crypto market structure advances. Ripple is Seeking To Create A National Trust Bank In The US Ripple submitted its application to the OCC on Wednesday (July 2). The company’s chief executive officer Brad Garlinghouse shared the news on the X (formerly known as Twitter) social media platform, following a report from the Wall Street Journal. Advertisement
  “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he stated. “If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.” True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via… https://t.co/IdiR7x3eWZ — Brad Garlinghouse (@bgarlinghouse) July 2, 2025 The license would allow Ripple to extend its cryptocurrency services and operate across state lines under federal laws. Ripple is the issuer of the $440 million dollar-pegged RLUSD stablecoin regulated by the New York Department of Financial Services (NYDFS). Earlier this week, Ripple subsidiary Standard Custody &…
Filed under: News - @ July 3, 2025 10:17 am