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Approval of the OCC: Ripple becomes a regulated bank
The conditional approval granted on December 12, 2025, to establish the Ripple National Trust Bank (RNTB) marks an institutional turning point. CEO Brad Garlinghouse described this step as a "major breakthrough for our RLUSD stablecoin" and highlighted the new dual oversight applicable at both the federal and state levels. The approval requires Ripple to apply for membership in the Federal Reserve Bank, a process previously reserved for traditional banks. Therefore, unlike conventional cryptocurrency companies, Ripple is subject to the same compliance standards as traditional financial institutions.
However, the term "conditional approval" carries important implications: the start of operational activities remains subject to new regulatory reviews. The OCC published its decision referencing a "thorough assessment," a standard wording suggesting that additional requirements may apply. Still, the signal sets a benchmark: of thousands of cryptocurrency companies worldwide, only five have received this approval.
Approval of the OCC: Ripple becomes a regulated bank
The conditional approval granted on December 12, 2025, to establish the Ripple National Trust Bank (RNTB) marks an institutional turning point. CEO Brad Garlinghouse described this step as a "major breakthrough for our RLUSD stablecoin" and highlighted the new dual oversight applicable at both the federal and state levels. The approval requires Ripple to apply for membership in the Federal Reserve Bank, a process previously reserved for traditional banks. Therefore, unlike conventional cryptocurrency companies, Ripple is subject to the same compliance standards as traditional financial institutions.
However, the term "conditional approval" carries important implications: the start of operational activities remains subject to new regulatory reviews. The OCC published its decision referencing a "thorough assessment," a standard wording suggesting that additional requirements may apply. Still, the signal sets a benchmark: of thousands of cryptocurrency companies worldwide, only five have received this approval.