Ripple Moves Toward Bank Status, Sets Stablecoin Standard
Source:X.com
On July 2, 2025, Ripple’s CEO Brad Garlinghouse announced a transformative step: Ripple has applied for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC).
If granted, this would place Ripple under both state and federal regulatory frameworks—a first in the stablecoin space. Additionally, through Standard Custody, Ripple has applied for a Federal Reserve Master Account, enabling direct custody of RLUSD reserves.
These moves signal Ripple’s commitment to regulatory transparency and long-term trust, crucial in a market exceeding $250 billion. Amid evolving crypto legislation, Ripple’s proactive stance could redefine institutional expectations. RLUSD, its stablecoin, gains an edge by aligning early with compliance benchmarks.
For the XRP community, this isn’t just good news—it’s a validation of Ripple’s vision to bridge the gap between blockchain innovation and traditional finance with integrity at its core.
A Significant Moment For Ripple
On the 3rd Wednesday of 2023, Ripple was granted a major payments institution license by the Monetary Authority of Singapore. This is great news for Ripple, as it enables the company to continue providing digital payment token services in the fast-growing region. The license granted to Ripple allows the company to expand its services and offer innovative payment solutions to customers.
This significant achievement is the result of Ripple's continuous effort to ensure its compliance with global regulatory requirements. The license granted to Ripple demonstrates its commitment to regulatory compliance and its ability to provide reliable and safe services to customers in the digital payment space.
Meanwhile, the U.S. Securities and Exchange Commission's attempt to appeal its case against Ripple has been denied by Federal Judge Annalisa Torres. This is a major setback for the SEC as they try to prosecute Ripple over allegations of unregistered security sales.
The judge's ruling is considered a huge victory for Ripple, which has maintained its innocence from the start. The denial of the appeal from the SEC proves Ripple's legitimacy as a digital asset. This outcome reaffirms that Ripple is not a security but a cryptocurrency, and it provides regulatory clarity to the entire crypto industry.
In summary, Ripple's latest achievement in Singapore and the denial of the SEC's appeal highlight the company's continuous efforts to promote transparency and compliance in the cryptocurrency industry. As Ripple expands its services and its footprint globally, this license grants the company access to a highly active payment market, thus enabling it to compete effectively with traditional payment processors.
Furthermore, this ruling could also lead to a re-evaluation of cryptocurrency's position in the current financial system, as the definition of cryptocurrency has been under intense scrutiny from regulators for quite some time now.
Overall, the granting of the license by Singapore's Monetary Authority and the ruling against the SEC are significant milestones that indicate the future of digital assets is indeed promising.
