Ripple has applied for a national trust charter from
the U.S. Office of the Comptroller of the Currency (OCC), a move that would
allow the crypto firm to expand its services across the country under federal
regulation.
The application, confirmed by a company spokesperson,
marks a strategic shift toward deeper regulatory engagement at the national
level.
“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,” Brad Garlinghouse, Ripple’s CEO, said.
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
XRP News: Industry Trend Toward Federal Regulation
The decision aligns Ripple with a growing list of
crypto firms seeking national oversight amid evolving U.S. legislation.
Stablecoin issuer Circle has submitted a similar application in recent months,
highlighting a broader industry trend toward establishing federal licenses to
streamline compliance and service delivery.
Ripple currently offers a $470 million stablecoin,
RLUSD, which is regulated by the New York Department of Financial Services. The
company also provides digital asset custody services. A national banking
license would enable it to consolidate and scale these operations across state
borders, eliminating the need for multiple state-level approvals.
Related: XRP News: Token Extends Losses Despite Whale Transfers and Easing Geopolitical Tensions
Interestingly, Circle has also applied to establish a national trust bank in the United States, marking its first major regulatory move since going public in an IPO that valued the company at nearly $18 billion. The application was submitted to the Office of the Comptroller of the Currency (OCC), the same regulator approached by Ripple for a similar license.
🇺🇸 JUST IN: Circle applies for U.S. national trust bank license. pic.twitter.com/UmMJiUQIPR
— Cointelegraph (@Cointelegraph) June 30, 2025
If approved, the charter would allow Circle to act as a custodian for its own stablecoin reserves and manage digital assets on behalf of institutional clients. The license does not, however, authorize the company to accept traditional cash deposits or extend credit like a conventional bank.
XRP Analysis Market Reacts to Regulatory News
The market responded swiftly to the news, with XRP
rising 5% following the report. The price move underscores investor optimism
around Ripple’s regulatory progress, especially as lawmakers and agencies in
Washington advance discussions on stablecoin and crypto legislation.
Precedent Set by Anchorage Digital
Ripple’s application mirrors the approach taken by
Anchorage Digital, which already holds a federal banking charter and provides
crypto custody services.
🏦 Anchorage Enables $jitoSOL Liquid Staking@Anchorage becomes the first federally chartered bank to support direct minting & redemption of $JitoSOL — Solana’s liquid staking token — for institutions.#Solana #jitoSOL #LiquidStaking pic.twitter.com/mgZP4O8tBY
— 99Bitcoins (@99BitcoinsHQ) July 2, 2025
As the regulatory landscape continues to shift, more
digital asset firms are expected to seek federal trust charters to gain
long-term legal certainty and better access to traditional financial
infrastructure.
Ripple has not yet disclosed a timeline for the OCC’s
review or approval of its application. However, the move signals a growing
acceptance among crypto companies that integration with federal regulators may
be key to operating at scale in the U.S. financial system.
This article was written by Jared Kirui at www.financemagnates.com.
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