Regulation● Neutral

Ripple wins final US approval for a national trust bank despite bank group objections

TradingGain Newsroom·2d ago·27 Oct 2026, 20:00 UTC

Ripple said the Office of the Comptroller of the Currency gave final approval for Ripple National Trust Bank on Oct. 26. The bank can manage RLUSD reserves, despite objections from traditional banking groups. The move matters for traders because it shows crypto firms gaining a foothold in regulated finance.

XRPAt the time of writing, XRP traded at $1.32 (+2.26% in 24h).Live price →

Why it matters

Ripple received final OCC approval for a national trust bank in the US.
Traditional banking groups objected, worried about crypto firms entering regulated finance.
The approved trust bank will manage RLUSD reserves, which ties Ripple more closely to regulated US finance.

What to watch next

Watch for any further objections from banking groups or new regulatory steps affecting Ripple's trust bank and XRP.

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This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.