Ripple has received conditional approval for a federal bank license. Once this license is finally issued, Ripple will be able to operate under U.S. banking regulations. Upon issuance, Ripple will be able to conduct business as a financial institution subject to federal regulation under U.S. banking law.
This approval strengthens Ripple's cross-border payment and digital asset payment infrastructure's position in the regulated financial market. However, this progress may not have an immediate or significant impact on the price of XRP.
OCC opens the door to federal authorization
The Office of the Comptroller of the Currency (OCC) has paved the way for Ripple to establish Ripple National Trust Bank.
For Ripple to receive final approval, it must meet all regulatory and operational conditions set by the OCC. Meeting these conditions is necessary for the license to be finalized.
Even if approved, Ripple will not operate like traditional banks such as Bank of America or JPMorgan Chase. The trust bank cannot legally accept public deposits or offer standard loan products (e.g., consumer loans).
Ripple National Trust Bank is expected to operate with a focus on custody, payments, and digital asset management services.
Although there are limitations, this approval becomes an important regulatory milestone for the company's long-term operational strategy. Unlike state-level remittance licenses, obtaining a federal charter expands the regulatory scope nationwide.
Such approvals can influence overall market sentiment, but more importantly, they support infrastructure development and institutional adoption.
CEO Brad Garlinghouse officially mentioned this decision and referred to the criticisms that the banking industry lobby has long raised against cryptocurrency companies.
