Ripple gets a US banking license with conditions – no business operations yet
- Ripple has received the federal US license to operate the “Ripple National Trust Bank”. But there are requirements.
- Critics of crypto companies as banks have not prevailed. Now Ripple is pushing “crypto banking”.
Ripple has conditional approval from the OCC (Office of the Comptroller of the Currency) to establish the Ripple National Trust Bank receive. CEO Brad Garlinghouse said the approval is an important step for the company’s U.S. operations, particularly in conjunction with its own stablecoin RLUSD.
The conditional license places the RLUSD under federal supervision. At the same time, it remains subject to New York State supervision by the Department of Financial Services (NYDFS). This dual structure raises the bar for stablecoin compliance, according to Garlinghouse.
HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward – first for $RLUSDsetting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the…
— Brad Garlinghouse (@bgarlinghouse) December 12, 2025
Ripple applied for its national banking license in July. To date, only Anchorage Digital had secured such a license in the crypto sector. The company’s decision to pursue this path came in what it viewed as a more favorable regulatory climate under the Trump administration.
Ripple: “Criticism of traditional banks is wrong”
Garlinghouse refutes criticism from traditional banks that argue that crypto operates outside of the regulated financial structure:
“You’ve complained about crypto not playing by the same rules, but here it is, the crypto industry – directly under the oversight and standards of the OCC – prioritizing compliance, trust and innovation for the benefit of consumers.”
He also addressed lobbyists directly in his statement, accusing them of being anti-competitive and questioning their stance against integrating cryptocurrencies into the regulated financial system.
Although the Ripple banking license is an important regulatory step, the OCC clarified that the decision does not mean full operational approval. Ripple National Trust Bank must meet all pre-opening requirements before it can begin operations. The OCC reserves the right to limit, modify or revoke conditional approval if regulatory expectations are not met. The OCC stated:
“The OCC has only granted preliminary conditional approval. Final approval and permission to commence operations of the bank will not be granted until all pre-opening requirements are met.”
The XRP rate is currently at 2,03 $which represents a slight increase of 0,44 % since yesterday means. However, sales fellm 4.78% to 2.73 billion.
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