Ripple is seeking conditional federal charter approval from the Office of the Comptroller of the Currency.

The entities involved

• Ripple →

  creator and a developer of the Ripple payment protocol and exchange network.

  • The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17
  • AVAX surged 50%, outpacing Bitcoin's gains, while XRP gained 22% amidst an unconfirmed ICE decision introducing market uncertainty.Wed 23:17
• Office of the Comptroller of the Currency →

  American federal government organization

  • The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.Mon 08:32
  • The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.Fri 02:46

Related events

• The London-based company Revolut has secured conditional approval for a US bank charter from the Office of the Comptroller of the Currency, pending final review by the FDIC.Sep 3
• BLOCK applied to the OCC for a national trust bank charter to allow custody of Bitcoin and stablecoins.Sep 9
• The FED and the Office of the Comptroller of the Currency jointly established new protocols for bank examinations.Jul 18
• The Office of the Comptroller of the Currency is actively involved in the regulatory landscape of crypto firms, challenging and granting national trust bank charters for crypto activities.Jun 7
• Fidelity National Information Services is seeking regulatory approvals for new bank charters and is involved in deposit insurance applications with the OCC and FDIC.Sep 21