On July 2, 2025, Ripple Labs applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC) and seeks a Federal Reserve master account. This move aims to integrate Ripple's crypto services under federal regulation. (Source: July 6, 2025)
Following the announcement, XRP's price increased by approximately 3%. As of July 6, 2025, XRP is trading at $2.22, with an intraday high of $2.23 and a low of $2.20. (Source: July 6, 2025)
Ripple's actions align with a trend of crypto firms seeking regulatory clarity. This could set a new benchmark for trust and compliance in the stablecoin market. (Source: July 6, 2025)