According to the source, another major cryptocurrency firm has successfully obtained a bank charter from the U.S. Office of the Comptroller of the Currency (OCC), joining notable players such as Circle and Ripple. This development underscores the increasing trend of crypto firms integrating into traditional financial systems, potentially expanding their service offerings and enhancing legitimacy in the financial sector.

According to @EleanorTerrett, Ripple has officially applied for a national banking license with the Office of the Comptroller of the Currency (OCC). This move, confirmed by a company spokesperson, aims to expand Ripple's crypto services and enable operations across state lines under a single federal regulatory framework. The news triggered a positive market reaction, with the price of XRP jumping over 3%. Current data shows XRPUSDT trading at $2.2721, marking a 3.787% increase in 24 hours and reaching a high of $2.2880. This application follows a similar filing by USDC issuer Circle, indicating a growing trend among major stablecoin companies to seek federal oversight as U.S. crypto regulation advances.

According to @rovercrc, Ripple has officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC). This strategic move, which was first reported by The Wall Street Journal, aims to allow Ripple to expand its crypto services and operate across state lines under a unified federal regulatory framework. The market reacted immediately to the news, with the price of XRP jumping over 3%. Current data shows XRPUSD trading at $2.2709, a 3.65% increase in 24 hours. This application follows a similar filing by USDC issuer Circle, signaling a trend of major crypto firms seeking federal oversight as U.S. stablecoin legislation advances.