XRP Price Jumps 5% as Ripple Seeks U.S. National Bank Charter

Ripple has applied for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), a move that would allow the crypto firm to expand its services across the country under federal regulation.

The application, confirmed by a company spokesperson, marks a strategic shift toward deeper regulatory engagement at the national level.

“True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term market,” Brad Garlinghouse, Ripple’s CEO, said.

True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.

Earlier in the week via… https://t.co/IdiR7x3eWZ

— Brad Garlinghouse (@bgarlinghouse) July 2, 2025

XRP News: Industry Trend Toward Federal Regulation

The decision aligns Ripple with a growing list of crypto firms seeking national oversight amid evolving U.S. legislation. Stablecoin issuer Circle has submitted a similar application in recent months, highlighting a broader industry trend toward establishing federal licenses to streamline compliance and service delivery.

Ripple currently offers a $470 million stablecoin, RLUSD, which is regulated by the New York Department of Financial Services. The company also provides digital asset custody services. A national banking license would enable it to consolidate and scale these operations across state borders, eliminating the need for multiple state-level approvals.

Related: XRP News: Token Extends Losses Despite Whale Transfers and Easing Geopolitical Tensions

Interestingly, Circle has also applied to establish a national trust bank in the United States, marking its first major regulatory move since going public in an IPO that valued the company at nearly $18 billion. The application was submitted to the Office of the Comptroller of the Currency (OCC), the same regulator approached by Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term for a similar license.

🇺🇸 JUST IN: Circle applies for U.S. national trust bank license. pic.twitter.com/UmMJiUQIPR

— Cointelegraph (@Cointelegraph) June 30, 2025

If approved, the charter would allow Circle to act as a custodian for its own stablecoin reserves and manage digital assets on behalf of institutional clients. The license does not, however, authorize the company to accept traditional cash deposits or extend credit like a conventional bank.

XRP Analysis Market Reacts to Regulatory News

The market responded swiftly to the news, with XRP rising 5% following the report. The price move underscores investor optimism around Ripple’s regulatory progress, especially as lawmakers and agencies in Washington advance discussions on stablecoin and crypto legislation.

Precedent Set by Anchorage Digital

Ripple’s application mirrors the approach taken by Anchorage Digital, which already holds a federal banking charter and provides crypto custody services.

🏦 Anchorage Enables $jitoSOL Liquid Staking@Anchorage becomes the first federally chartered bank to support direct minting & redemption of $JitoSOL — Solana’s liquid staking token — for institutions.#Solana #jitoSOL #LiquidStaking pic.twitter.com/mgZP4O8tBY

— 99Bitcoins (@99BitcoinsHQ) July 2, 2025

As the regulatory landscape continues to shift, more digital asset firms are expected to seek federal trust charters to gain long-term legal certainty and better access to traditional financial infrastructure.

Ripple has not yet disclosed a timeline for the OCC’s review or approval of its application. However, the move signals a growing acceptance among crypto companies that integration with federal regulators may be key to operating at scale in the U.S. financial system.