Ripple Makes Bold Power Play: Files for US National Bank Charter as Stablecoin Ambitions Heat Up

Ripple just dropped a regulatory bombshell—applying for a US national bank license while doubling down on its stablecoin ambitions. The crypto giant's latest move screams 'institutional adoption' louder than a Wall Street trader during a bull run.

Why this matters: A bank charter would let Ripple bypass the patchwork of state-by-state money transmitter licenses—cutting compliance costs and accelerating its dollar-pegged stablecoin plans. Suddenly, Tether's lawyers are sweating into their martinis.

The big picture: This isn't just about banking infrastructure. It's a strategic end-run around the SEC after years of legal warfare over XRP. Regulatory arbitrage? More like regulatory jiujitsu.

Bonus cynicism: Nothing says 'financial revolution' like begging permission from the same institutions crypto was supposed to disrupt. The more things change...