<ul data-eligibleForWebStory="false"><li>Ripple is making efforts to secure federal banking status indicating a strategic push for institutional legitimacy and deeper financial integration.</li><li>Short-term gains for XRP reflect investor optimism, but long-term impact hinges on regulatory progress and adoption by U.S. banks.</li><li>Ripple Labs has applied for a national bank charter from the U.S. Office of the Comptroller of the Currency, aiming to position itself as a federally regulated bank.</li><li>The move has already positively impacted XRP's market performance, with the cryptocurrency rising over 3% post-announcement, currently trading at $2.28.</li></ul>

Ripple Eyes Federal Banking Status as Crypto Regulation Tightens

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