$XRP
OCC opens federal-level cryptocurrency: Ripple, Circle, and Paxos receive trust licenses
The Office of the Comptroller of the Currency has approved the issuance of national trust bank licenses to several major crypto players — Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets. This elevates them to the status of regulated participants in the federal banking system.
The license grants the right to operate in all 50 states without the need to obtain separate regional approvals. Companies can officially store assets for ETFs, treasuries, funds, and institutional clients under the direct supervision of the OCC.
In fact, Ripple, Circle, and Paxos move beyond the status of “crypto companies” to become part of the trusted financial infrastructure of the U.S. This enhances the legitimacy of their stablecoins and simplifies access to institutional liquidity.
For the market, this is a key step. Regulated storage and settlement providers are emerging, which reduces risks for large capital and makes liquidity not only deeper but also more stable.
