🚨 Ripple, Circle, Paxos Granted Path to National Banking Charters in the U.S. 🇺🇸🏦

A historic move for crypto regulation — the U.S. Office of the Comptroller of the Currency (OCC) has approved national trust charter applications for major digital asset firms, including:

▪ Ripple National Trust Bank

▪ Circle’s First National Digital Currency Bank

▪ Paxos Trust Company

▪ BitGo Bank & Trust

▪ Fidelity Digital Assets

🔹 Why This Matters

▪ Once fully finalized, these charters allow crypto firms to custody assets and enable faster settlement rails inside the U.S. banking system.

▪ Until now, Anchorage Digital was the only crypto company with a national trust bank charter.

▪ The OCC currently oversees 60 national trust institutions — now crypto is joining that list.

🔹 OCC’s Stance

Comptroller Jonathan Gould said each firm went through a rigorous regulatory review, with more conditions still required before full activation.

He emphasized that onboarding credible crypto players modernizes the U.S. financial system and expands access to innovative financial products.

🔹 Ripple CEO Fires Back at Lobbyists

Ripple CEO Brad Garlinghouse called this approval a major win for Ripple’s stablecoin RLUSD, setting a high bar for compliance under federal & state law.

▪ He also criticized traditional banking lobbyists for “anti-competitive tactics”, stating that crypto firms are meeting strict regulatory standards — proven by OCC approval.

Ripple CLO Stuart Alderoty added that Ripple is one of the first companies to receive conditional approval under the new GENIUS Act, securing the long-term foundation of its stablecoin business.