Ripple’s hard-won, conditional OCC approval for its National Trust Bank charter is more than a regulatory checkbox—it’s a crack in the wall.

The green light puts RLUSD stablecoin issuance under federal oversight, layered on top of NYDFS supervision, signaling that Ripple is willing to play by the toughest rules in crypto if it means moving the industry forward.

It’s also the culmination of Ripple’s post-SEC-lawsuit pivot since 2023—a strategy built on compliance, survival, and then offense.

With this charter, Ripple positions itself as one of the few companies capable of stitching together traditional banking infrastructure and blockchain rails to finally make cross-border payments behave like the internet.

And Brad doesn’t miss the chance to twist the knife. His pointed shot at banking lobbyists highlights a widening rift: compliant crypto firms are pushing innovation into the regulated mainstream, while entrenched financial players fight to keep the gates closed.

Ripple isn’t just joining the system. It’s forcing the system to evolve.

HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward – first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.

To the…

— Brad Garlinghouse (@bgarlinghouse) December 12, 2025