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Ripple Seeks a U.S. Bank Charter—Is Now a Good Time to Buy Crypto and Load Up on XRP?

  • Ripple has filed for a national bank charter with the OCC, seeking credibility and regulatory oversight.
  • Applying for the bank charter could help Ripple move towards essential plumbing in finance, partnering with the OCC and the Fed.
  • The move by Ripple follows Circle's filing for a national trust bank, as part of an increasing trend to seek regulatory approval.
  • While XRP price has slightly increased, the long-term impact of regulatory approval on the cryptocurrency market remains uncertain.

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