đïžđ„ RIPPLE SECURES FINAL OCC TRUST BANK CHARTER
đ° THE FACT:
Ripple CEO Brad Garlinghouse officially announced that the U.S. OCC has granted FINAL approval for Ripple National Trust Bank (RNTB).
đ° BLOCKCHAIN BANKING:
RNTB is now fully authorized to custody and manage the $2.6B reserves backing Rippleâs stablecoin ($RLUSD) under tight federal oversight.
âïž TRADFI LAW WAR:
The Independent Community Bankers of America (ICBA) has already filed a federal lawsuit against the OCC, calling this a "crypto side door into banking." Senator Elizabeth Warren has blasted the approval as "illegal" under the National Bank Act.
đ PRICE ACTION:
Muted market reaction. $XRP remains flat around $1.30, facing heavy resistance at its 50-day EMA ($1.36) and 200-day EMA ($1.38).
đ ASSETS IMPACTED:
1ïžâŁ $XRP
(Ecosystem Token)
2ïžâŁ $RLUSD
(Federally Backed Stablecoin)
#Ripple #xrp #RLUSD #OCCApproval #CryptoBanking #BinanceSquare
đ° THE FACT:
Ripple CEO Brad Garlinghouse officially announced that the U.S. OCC has granted FINAL approval for Ripple National Trust Bank (RNTB).
đ° BLOCKCHAIN BANKING:
RNTB is now fully authorized to custody and manage the $2.6B reserves backing Rippleâs stablecoin ($RLUSD) under tight federal oversight.
âïž TRADFI LAW WAR:
The Independent Community Bankers of America (ICBA) has already filed a federal lawsuit against the OCC, calling this a "crypto side door into banking." Senator Elizabeth Warren has blasted the approval as "illegal" under the National Bank Act.
đ PRICE ACTION:
Muted market reaction. $XRP remains flat around $1.30, facing heavy resistance at its 50-day EMA ($1.36) and 200-day EMA ($1.38).
đ ASSETS IMPACTED:
1ïžâŁ $XRP
(Ecosystem Token)
2ïžâŁ $RLUSD
(Federally Backed Stablecoin)
#Ripple #xrp #RLUSD #OCCApproval #CryptoBanking #BinanceSquare
