Can Dogecoin reclaim the key level of $0.25? Ripple CEO has confirmed the company is applying for a US banking license: Hodler’s Digest
Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal.
True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC, he wrote.
Garlinghouse said if the license is approved, it would be a new (and unique!) benchmark for trust in the stablecoin market as the firm would be under federal and state oversight with the New York Department of Financial Services already regulating its Ripple USD stablecoin.
