US Just Approved Ripple and Other Major Firms Into Banking System — Here’s Where XRP Fits In
The OCC conditionally approved five crypto firms, including Ripple and Circle, to operate as national trust banks, signaling deeper regulatory integration.Summary
The Office of the Comptroller of the Currency (OCC) has granted conditional approval for five crypto firms—Ripple, Circle, BitGo, Fidelity Digital Assets, and Paxos—to operate as national trust banks in the U.S. This move allows them a regulated foothold to custody assets, process payments, and provide fiduciary services, though they cannot take deposits or issue loans. While crypto companies celebrated this as a step toward regulatory clarity, traditional banking groups expressed concerns about regulatory consistency. Importantly, this approval applies to Ripple's trust entity and does not directly change the regulatory status of the XRP asset itself; however, deeper integration into the federal banking system could gradually encourage more institutional use of Ripple's payments infrastructure where XRP functions as a bridge asset.
(Source：CCN)