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 Ripple has received conditional approval for a federal banking charter, which may allow it to operate under the Bank of America regulatory framework. If approved, the license would allow Ripple to operate as a financial institution regulated by U.S. banking laws. This approval solidifies Ripple’s position in the field of cross-border payments and digital asset settlement infrastructure in regulated financial markets. However, this development may not have an immediate or material impact on the market price of XRP. OCC opens federal charter pathwayThe U.S. Office of the Comptroller of the Currency (OCC) paved the way for Ripple to establish the Ripple National Trust Bank. To gain full approval, Ripple must also meet specific regulatory and operational requirements from the U.S. Office of the Comptroller of the Currency (OCC) before it can ultimately be licensed. Breaking news! @Ripple just received conditional approval from the United States Office of the Comptroller of the Currency (@USOCC) to establish the Ripple National Trust Bank. This is a major step forward – starting with the first-ever approval of $RLUSD, setting the highest standard for stablecoins under federal (OCC) and state (NYDFS) regulation 。 ——Brad Garlinghouse (@bgarlinghouse) December 12, 2025 Even if approved, Ripple's operating model won't work like traditional banks like Bank of America or JPMorgan Chase. Trust banks are legally restricted from accepting deposits from the public or offering traditional lending products, such as consumer loans. Instead, Ripple National Trust Bank will focus primarily on custody, settlement and digital asset management services. Despite certain limitations, this approval is a significant regulatory milestone for the company's long-term operating strategy. Unlike state-level money transfer licenses, which are geographically limited, federal charters enable nationwide regulatory coverage. Such an approval may influence broader market sentiment, but it primarily supports infrastructure development and institutional adoption. CEO Brad Garlinghouse publicly acknowledged the decision, referencing banking industry lobbyists’ longstanding criticism of cryptocurrency companies. |
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