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

Ripple just dropped a regulatory bombshell—and the market's already voting with its wallet.

The blockchain giant filed for a federal bank trust charter, a move that could rewrite the rules of crypto banking. Meanwhile, XRP pumped 3% on the news—because nothing gets traders excited like bureaucratic paperwork.

Why This Matters

This isn't just another license application. A federal trust charter would let Ripple operate across state lines without jumping through 50 different regulatory hoops. Suddenly those 'Ripple is dying' tweets aren't aging well.

The Cynic's Take

Wall Street's probably fuming—Ripple's cutting out the middlemen again. First they bypass SWIFT, now they're coming for the bankers' lunch money. Maybe Jamie Dimon will finally admit he owns some XRP.

One thing's clear: in the race to bridge crypto and traditional finance, Ripple just hit the nitro button. Whether regulators will play along? That's the billion-dollar question.