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Ripple Eyes U.S. Banking License Amid Regulatory Push
In a surprising move, Ripple Labs has filed for a national banking license with the United States Office of the Currency (OCC), further demonstrating its commitment to regulatory compliance and potential mainstream acceptance.
The news comes as a significant development in the rapidly evolving cryptocurrency landscape, which has seen other prominent players such as Circle and Fidelity Digital Assets also pursue similar paths. The recent developments signal a turning point for the industry, as major players increasingly prioritize regulatory alignment to ensure long-term growth and stability.
Ripple’s CEO Brad Garlinghouse emphasized the company’s dedication to establishing trusted infrastructure, stating that “Ripple always has and will continue to build battle-tested and secure systems.” He also highlighted RLUSD’s unique approach in prioritizing regulation, setting a new standard for institutions and institutions alike.
This strategic move is significant considering Ripple’s ongoing lawsuit with the U.S. SEC. By seeking a national banking charter, the company may be attempting to mitigate potential legal implications or create a more favorable regulatory environment.
The market appears to have responded positively to this news, as XRP’s price has rebounded and indicates a strong bullish sentiment amid its positive funding rate. The development is also likely to increase interest in Ripple’s stablecoin RLUSD, which will now be able to hold $RLUSD reserves directly with the Federal Reserve through Standard Custody’s new Fed Master Account.
Ripple’s pursuit of a national banking license underscores the company’s commitment to regulatory compliance and its willingness to adapt to changing circumstances. As the industry continues to evolve, it is essential for major players like Ripple to demonstrate proactive engagement with regulatory bodies to ensure their long-term survival and growth in the market.
In related news, the company’s efforts may also be influenced by a potential Bitcoin price prediction of $135K by Standard Chartered within Q3 2025.
Source: coinpedia.org
