🇺🇸 Ripple applies for a banking license in the U.S.: Is crypto becoming institutionalized? $XRP
Ripple Labs submitted a formal application to the Office of the Comptroller of the Currency (OCC) to obtain a national banking license in the United States). $USDC
The goal: to directly custody the reserves of its stablecoin RLUSD, operate under federal supervision, and access a Master Account at the Federal Reserve.
This move follows in the footsteps of Circle and aligns with the GENIUS Act, which aims to regulate stablecoin issuers. If approved, Ripple would become one of the few crypto companies with direct access to the central banking system.$BTC
💥 When crypto asks for a license… it’s because it wants to play in the major league.