Ripple CEO Reacts to Bank Charter Approval, Slams Banking Lobby
Analysis
Price Impact
HighConditional approval for a federal bank charter (ripple national trust bank) signifies a major regulatory win for ripple. this legitimizes its operations and products, particularly its stablecoin, enabling wider adoption within the traditional financial system and potentially reducing long-standing regulatory overhang.
Trustworthiness
HighThe information directly reports on a statement from ripple's ceo regarding an official occ approval for a federal bank charter, indicating high reliability.
Price Direction
BullishReceiving a federal bank charter is a significant positive development, reducing regulatory uncertainty and opening doors for broader institutional adoption and integration into traditional finance. this increased legitimacy and potential for wider use cases can drive demand and price appreciation for xrp.
Time Effect
LongWhile there might be an immediate positive reaction, the full implications of a bank charter, such as expanded service offerings, stablecoin integration, and deeper partnerships, will unfold over an extended period, fostering sustained growth.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Ripple CEO Brad Garlinghouse has reacted to the company receiving conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to create Ripple National Trust Bank. The top executive has described this as "huge news." Advertisement As reported by U.Today, the San Francisco-based enterprise blockchain firm received conditional approval alongside some other crypto firms. It is a federal bank charter, which is the same type of charter that major U.S. banks operate under. HOT Stories Ripple CEO Reacts to Bank Charter Approval, Slams Banking Lobby BREAKING: Tether Announces Proposal to Acquire Juventus BREAKING: Ripple Scores Big National Bank Win Morning Crypto Report: Bitcoin Mogul Saylor Taps JP Morgan, Satoshi Disappeared Exactly 15 Years Ago, Shiba Inu (SHIB) Denies 'Meme Coins Are Dead' Claim You Might Also Like Fri, 12/12/2025 - 13:21 Ripple Wins Big Partnership With European Bank By Caroline Amosun Advertisement In his celebratory social media post, Garlinghouse has stressed that the stablecoin becomes a fully regulated product at both the federal and state levels. "What are you afraid of?" Several major U.S. banking associations publicly called on the Office of the Comptroller of the Currency (OCC) to block or slow down national trust bank charter applications from crypto firms. These argued that the charters could give crypto firms competitive advantages without the same regulatory burdens. Advertisement The Bank Policy Institute, which represents dozens of major U.S. banks, opposed the applications from Ripple and Circle. Garlinghouse took aim at the banking lobby in his social media post, noting that the crypto industry prioritizes compliance and trust. "You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust, and innovation to the benefit of consumers. What are you so afraid of?" he asked. #Ripple News #Brad Garlinghouse