Ripple has received conditional approval from OCC to operate as a National Trust Bank. The decision allows Ripple to begin the process of establishing Ripple National Trust Bank in New York, placing the company under federal oversight alongside nearly 60 other national trust banks.

Conditional approval means Ripple must still satisfy regulatory requirements, including fiduciary standards and compliance checks, before receiving final authorization to fully operate. Once they meets these conditions, the OCC will issue final approval, enabling the company to provide trust services and digital asset custody under federal supervision.

#cryptonews #Ripple #XRPNews #XRP #CryptoBanking $XRP

XRP

2.0207

+0.79%