Ripple News: New OCC Rule Pushes Ripple Closer to Becoming a National Bank
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OCC granted conditional approval for Ripple to establish Ripple National Trust Bank, advancing access to the U.S. banking system and enabling expansion of stablecoin and payments services. OCC rule change allows regulated banks to run non‑fiduciary activities; Ripple says it will manage RLUSD stablecoin to high regulatory standards, improving regulatory clarity for crypto adoption and stablecoin compliance.
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- OCC’s latest ruling has edged Ripple closer to becoming a national trust bank.
- The chattering regulation now allows regulated banks to manage non-fiduciary activities.
- Ripple is focusing on managing its RLUSD stablecoin to the highest regulatory standards.
Ripple received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Ripple National Trust Bank. The move brings the company closer to operating within the U.S. banking system and expanding stablecoin and payments services.
Ripple Moves Toward National Trust Bank
The latest ruling by the OCC edges Ripple closer to becoming a national trust bank, enabling it to gain further access to the banking system and to conduct non-fiduciary activities. It revises the chartering regulation to allow regulated banks to manage non-fiduciary activities alongside fiduciary activitie…
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