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XRP News: Will the OCC’s Crypto Custody Rule Benefit Ripple?

  • The OCC has rescinded certain Agency decisions, allowing national banks and federal savings associations to engage in crypto-asset custody and stablecoin activities.
  • The decision is seen as a move towards easier banking access for crypto firms and reduces the burden on banks engaging in crypto-related activities.
  • The OCC's actions are praised by the American Bankers Association, which sees it as an important step towards involving banks in the fast-evolving crypto market.
  • This decision is expected to enable banks to actively participate in blockchain networks like XRP Ledger, potentially impacting the XRP price positively.

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