XRP Stalls Despite Ripple’s OCC Win – Here’s The Institutional Catch

Ripple made a significant win as the Office of the Comptroller of Currency (OCC) made a conditional approval for opening a national trust bank charter for Ripple, along with five other digital asset firms. The announcement came on Friday, 12th December 2025. With a pre-emptive state-level oversight, these firms can now access the Federal Reserve’s payment rails.

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

As the release was finalized, the Comptroller of the OCC, Jonathan Gould, stated that this move would benefit the consumers, banks, and the economy as a whole. With this latest chapter, the federal crypto banking charters are on a path of expansion. Previously, Anchorage Digital was approved similarly in 2021.

A Regulatory Blueprint From The White House

On July 18th, 2025, the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act was enacted. This blueprint was a regulatory move to put in place oversight on the $314 billion US dollar worth stablecoin market.

This act has already had an impact on the market, as it was interpreted as a strategic shift made by the government towards the regulation and institutionalization of crypto assets. Reading this is in close context with the OCC’s interpretive letter of ‘no-action’ to major banks in the US, allowing them to trade crypto assets on a riskless principal basis, the picture gets clearer as to the increasing positive government intervention in the crypto realm.

This move made by the world’s most dominant economy had already sparked a momentum in the market. The increased institutionalization of crypto assets is a great confidence booster, which brings in more liquidity and consequently helps tame market volatility.

XRP’s Reaction To The Approval

Even with such a groundbreaking announcement, the XRP market remained less volatile. Industry experts are pointing out that this stagnation could be a result of the earlier GENIUS Act, which already had a positive impact on the market, and that investors are on the lookout for further information as the market sentiment has generally moved to risk-off.

CEO of Circle, Jeremy Allaire, made an interesting note on the matter. According to him, this approval gives greater flexibility for the firm’s ability to settle payments in USDC directly. Allaire views this approval as of paramount importance since it removes the need for companies like Circle to depend on traditional banking intermediaries in the process of currency settlement.

Removing The Risk Factor From Digital Assets

To understand the importance of the OCC approval, the SVB (Silicon Valley Bank) collapse, and the consequent USDC depeg must be closely examined. By eliminating the traditional intermediary, Digital Asset platforms can now avoid the counterparty risk, which is a great threat. It was this counterparty risk that caused the depegging of USDC when SVB collapsed on March 11th, 2023.

For Digital Asset platforms that facilitate financial settlement, this new approval by the OCC means that they can have 24/7 settlement via FedMaster account. This immediate finality feature will serve as a great business booster, according to all parties that have benefited from the approval. With this approval, RLUSD and other on-shore stablecoins are likely to barter a large share of the market from offshore stablecoins like the USDt.