#XRPETFs

The Office of the Comptroller of the Currency (OCC) of the United States has authorized federally regulated banks to offer custody services for crypto assets, including $XRP, without the need for prior approval. This is derived from Interpretive Letter 1183 published on March 7, 2025, where the OCC clarified that national banks and federal savings associations can engage in activities related to crypto assets, such as the custody of digital assets, certain activities with stablecoins, and participation in distributed ledger networks.

This decision removes previous regulatory barriers, allowing banks to custody cryptocurrencies like $XRP, as long as they maintain robust risk management controls. Several reports, such as those from Reuters, Forbes, and CoinDesk, confirm this new stance of the OCC, which seeks to integrate digital assets into the traditional financial system.