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Ripple CEO Brad Garlinghouse announced minutes ago that the company he runs had received conditional approval from the US Office of the Comptroller of the Currency, a national agency created to ensure a safe and sound national banking system, to charter Ripple National Trust Bank.<\/p>\n
In addition, Circle received similar approval, while BitGo, Fidelity, and Paxos had their state-chartered trust companies convert to the federal system, as journalist Eleanor Terrett explained.<\/p>\n
\nAdding more context here: The @USOCC<\/a>‘s conditional approvals span both newly created (de novo) national trust banks and state-chartered trust companies converting into the federal system.<\/p>\n
De novo approvals are @Ripple<\/a> National Trust Bank and First National Digital Currency\u2026 https:\/\/t.co\/yWIxhNkcKi<\/a><\/p>\n
\u2014 Eleanor Terrett (@EleanorTerrett) December 12, 2025<\/a><\/p>\n<\/blockquote>\n
She added that Comptroller Jonathan Gould explained that each application went through a standard “rigorous” review, ensuring that all companies had met additional conditions before becoming fully operational. He reportedly noted that the new entrants “help modernize and diversify the banking system and broaden access to innovative financial products.”<\/p>\n
Garlinghouse used the opportunity to lash out<\/a> at the traditional banking system and those fighting against more innovative companies such as his own.<\/p>\n
\n“To the banking lobbyists \u2013 your anti-competitive tactics are transparent. You\u2019ve complained that crypto isn\u2019t playing by the same rules, but here\u2019s the crypto industry \u2013 directly under the OCC’s supervision and standards \u2013 prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?”<\/p>\n<\/blockquote>\n
He described this development as “huge news” for Ripple and its ecosystem, as it’s a “massive step forward” for the native stablecoin (RLUSD), which sets the “highest standard for stablecoin compliance with both federal (OCC) and state (NYDFS) oversight.”<\/p>\n
The post Garlinghouse With ‘Huge News’ for Ripple: National Trust Bank Approval Secured<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n