Ripple’s $200M Rail Deal Timed Perfect to Boost Its US Bank Charter Bid – Legal Expert
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- Ripple’s $200 million acquisition of Rail comes just before the dismissal of the SEC’s appeal, suggesting strategic timing.
- The deal significantly expands Ripple’s regulatory licenses across U.S. states.
- Legal analyst Bill Morgan believes it is strengthening its bid for a national bank charter and Fed master account.
Ripple’s strategic $200 million acquisition of Rail is already making waves in the XRP community amid its strategic timing. In particular, the deal comes just as Ripple secured a decisive end to its years-long battle with the SEC. Some industry observers believe the timing is no accident.
Attorney Sees “Convenient Timing” for Bank Charter Push
Attorney Bill Morgan suggested that Ripple’s Rail acquisition news breaking just before the SEC appeal dismissal may be deliberate. He pointed to Ripple’s ongoing efforts to secure both a national bank charter and a Federal Reserve master account.
Ripple already holds about 55 money transmitter licenses (MTLs) across 33 U.S. states, a New York BitLicense, a NYDFS trust charter, and numerous international licenses. Acquiring Rail adds even more licenses, further widening the company’…
The post Ripple’s $200M Rail Deal Timed Perfect to Boost Its US Bank Charter Bid – Legal Expert appeared first on Coin Edition.
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Ripple’s $200M Rail Deal Timed Perfect to Boost Its US Bank Charter Bid – Legal Expert
Share:
- Ripple’s $200 million acquisition of Rail comes just before the dismissal of the SEC’s appeal, suggesting strategic timing.
- The deal significantly expands Ripple’s regulatory licenses across U.S. states.
- Legal analyst Bill Morgan believes it is strengthening its bid for a national bank charter and Fed master account.
Ripple’s strategic $200 million acquisition of Rail is already making waves in the XRP community amid its strategic timing. In particular, the deal comes just as Ripple secured a decisive end to its years-long battle with the SEC. Some industry observers believe the timing is no accident.
Attorney Sees “Convenient Timing” for Bank Charter Push
Attorney Bill Morgan suggested that Ripple’s Rail acquisition news breaking just before the SEC appeal dismissal may be deliberate. He pointed to Ripple’s ongoing efforts to secure both a national bank charter and a Federal Reserve master account.
Ripple already holds about 55 money transmitter licenses (MTLs) across 33 U.S. states, a New York BitLicense, a NYDFS trust charter, and numerous international licenses. Acquiring Rail adds even more licenses, further widening the company’…
The post Ripple’s $200M Rail Deal Timed Perfect to Boost Its US Bank Charter Bid – Legal Expert appeared first on Coin Edition.
In This News
Coins
$ 1.42
-3.89%$ 0.011
-2.98%$ 0.495
-7.23%$ 1.02
$ 0.0425
-0.28%Share:
In This News
Coins
$ 1.42
-3.89%$ 0.011
-2.98%$ 0.495
-7.23%$ 1.02
$ 0.0425
-0.28%Share:
Read More
XRP ETF Deadline: SEC to Decide on T. Rowe Price by February 26