Ripple Makes Power Play: Files for Federal Bank Trust Charter as XRP Surges 3%

Ripple just dropped a regulatory bombshell—and the market responded instantly.

The blockchain giant applied for a federal bank trust charter, a move that could reshape its battle with the SEC. XRP pumped 3% on the news, because nothing makes crypto traders happier than vague institutional approval.

Why This Matters

A trust charter would let Ripple custody assets nationally—bypassing the patchwork of state licenses. It’s chess, not checkers, while the SEC keeps playing tic-tac-toe.

The Cynic’s Take

Wall Street’s still clutching its pearls over crypto… unless there’s a chance to tax it, regulate it, or slap a 2% ‘service fee’ on every transaction.

One thing’s clear: Ripple’s betting big that compliance is the new moon mission. Whether that justifies XRP’s valuation? Well, that’s another chart entirely.