Ripple Secures OCC Approval for National Trust Bank Charter—CEO Fires Back at Banking Lobbyists

Ripple just cut through the red tape. The Office of the Comptroller of the Currency (OCC) greenlit its application to charter a national trust bank, a move that effectively bypasses the state-by-state licensing quagmire.

The Regulatory End-Run

This isn't just another permit. A national trust charter from the OCC grants Ripple a unified regulatory framework to operate across all 50 states. It's a master key for digital asset custody, settlement, and other fiduciary services—no more knocking on fifty different doors.

Lobbyists in the Crosshairs

The approval dropped alongside sharp words from Ripple's CEO, who took direct aim at traditional banking lobbyists. The critique paints a picture of an old guard more invested in protecting turf than fostering the innovation that could, ironically, save their own skins.

A New Battleground

This charter transforms Ripple from a petitioner at the gate to an established player inside the fortress. It sets a precedent, proving that a crypto-native company can meet the stringent capital and compliance bars of a federal banking charter. Watch for others to now queue up at the OCC's door.

The finance world loves to talk about disruption—until it's their own lunch getting eaten. Ripple just pulled up a chair at the main table, and the old guard is suddenly checking the menu.

Crypto-focused payments company Ripple has secured conditional approval from the U.S. OCC to charter Ripple National Trust Bank.

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