The Office of the Comptroller of the Currency (OCC) has granted Ripple a conditional approval to become a national trust bank . Crypto pundit Stern Drew highlighted what this means for the crypto firm and also XRP, which it uses for its payment services.

What The OCC Approval Means For Ripple And XRP

In an X post , Stern Drew stated that Ripple just broke the system following the OCC’s grant of a conditional approval to the crypto firm. He further noted that Ripple now has federal and regulatory oversight locked in with this approval. The pundit added that the RLUSD stablecoin has become the gold standard for compliant stablecoins, while XRP has stepped straight into the heart of the U.S. financial system.

Ripple CEO Brad Garlinghouse also reacted to the OCC’s gr

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