US EditionRipple, XRP News: Ripple Applies for Federal Bank Charter, XRP Jumps 3%
UNITED STATES, JUL 2 – Ripple seeks federal oversight to enhance regulatory compliance and streamline crypto payments by holding RLUSD reserves directly with the Federal Reserve, aiming for faster, cheaper transactions.
- On Wednesday, Ripple filed for a U.S. national banking license with the OCC, marking its move toward operating as a regulated digital neo-bank.
- Following industry shifts, Ripple acquired Standard Custody and applied for a national bank charter amid nearing SEC litigation resolution.
- An OCC spokesperson confirmed receipt of Ripple's charter request; McDonald outlined that dual application would set a new transparency standard for stablecoins.
- Ripple applied for a U.S. national bank charter, causing XRP to rise over 3% to above $2.20, reflecting investor confidence in its regulatory progress.
- Pending OCC and Federal Reserve approvals, Ripple’s application mirrors Anchorage Digital’s precedent, potentially influencing other crypto firms’ access to regulated banking services.
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Ripple Joins Wave of Firms Applying for National Bank Charters
The payments and stablecoin firm Ripple Labs Inc. applied to become a national bank as a bevy of firms in the financial-technology and cryptocurrency space seek such approval under President Donald Trump’s looser regulatory regime.
·United States
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Ripple, XRP News: Ripple Applies for Federal Bank Charter, XRP Jumps 3%
Ripple, the digital asset firm closely associated with the XRP Ledger network, has applied on Wednesday for a national banking license at the Office of the Comptroller of the Currency (OCC), a spokesperson confirmed to CoinDesk.The license would allow the company expand its crypto services and operate across state lines under federal regulation. Ripple issues the $440 million RLUSD stablecoin regulated by the New York Department of Financial Ser…
·Manila, Philippines
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Wall Street JournalReposted by 
CryptoCoinDaddy
CryptoCoinDaddyRipple applies for US banking license
·New York, United States
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Total News Sources50
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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