XRP and the Future of Banking: Coinbase and Ripple Leading the Charge
Pro-crypto lawyer John E. Deaton has highlighted Coinbase and Ripple Labs as the vanguards of the next-generation banking system. His comments align with a significant generational shift towards digital assets, as Millennials and Gen Z increasingly prefer cryptocurrencies over traditional banking institutions. Deaton envisions these platforms evolving beyond conventional crypto services, potentially reshaping the financial landscape. This article explores his insights and the growing trend of digital asset adoption.
Coinbase, Ripple Are Banks Of The Future Says John Deaton
Pro-crypto lawyer John E. Deaton has positioned Coinbase and Ripple Labs as pioneers of the next-generation banking system. His remarks coincide with a growing generational shift toward digital assets, as Millennials and Gen Z increasingly favor crypto over traditional banking institutions.
Deaton's vision extends beyond conventional crypto services. He anticipates platforms like Coinbase, Kraken, and Robinhood evolving into comprehensive financial hubs—offering mortgages, consolidation loans, and peer-to-peer lending. Ripple's potential entry into this space, possibly through an acquisition of Uphold, could further reshape the landscape.
The digital financial system is accelerating. Deaton warns that yield products and DeFi protocols failing to innovate risk obsolescence. Investors are demanding higher returns and autonomy—a trend fueling the rise of crypto-native financial solutions.
XRP Price at a Tipping Point: Key Levels and Senate Hearing Could Trigger a Shift
XRP's upward trend has captured trader attention, with the token now testing critical resistance levels. The $2.26 price point serves as both a psychological barrier and potential springboard for further gains.
Technical indicators suggest a possible correction to $2.235 before any sustained breakout. Market volatility may intensify following an upcoming Senate hearing, with Ripple's recent banking charter announcement already fueling bullish sentiment.
Trading volume remains robust at $3.79 billion, supporting the 6.83% weekly gain. Analysts watch the $2.268 Fibonacci level closely, where rejection could prompt short-term profit-taking.
First Bank to Offer Ripple’s RLUSD Stablecoin: Swiss AMINA Launches Custody and Trading
AMINA Bank AG, a Swiss-based institution with global regulatory status, has become the first bank to support Ripple’s RLUSD stablecoin. The bank now offers custodial and trading services for the dollar-pegged digital asset, marking a significant milestone in institutional adoption of regulated stablecoins.
RLUSD is backed 1:1 by U.S. Treasuries and regulated by the New York Department of Financial Services. With over $440 million in circulating supply as of June 2025, the stablecoin represents growing demand for compliant digital assets. AMINA’s rollout will initially focus on institutional clients.
The move reflects broader trends in cryptocurrency markets, where regulated products are gaining traction among traditional financial players. Stablecoins like RLUSD bridge the gap between legacy finance and blockchain innovation, offering both stability and transparency.
Ripple Launches $200K XRPL Accelerator Program in APAC Amid XRP Price Rally
Ripple has partnered with Tenity Global to launch a 12-week XRPL Accelerator Program targeting blockchain startups in the Asia-Pacific region. The initiative will focus on real-world asset tokenization, institutional DeFi, and AI-powered blockchain applications, with selected projects receiving up to $200,000 in funding.
Fiona Murray, Ripple's APAC Managing Director, highlighted Singapore's leadership in digital innovation, stating the program aims to unlock new talent and practical use cases for the XRP Ledger.
Meanwhile, XRP shows bullish momentum, breaking through the $2.25 resistance level. A sustained breakout could see prices test the $2.35 zone, with potential to challenge recent highs NEAR $2.60 if market conditions remain favorable.
Will XRP Finally Get Legal Clarity? Ripple CEO Testifies in Congress Next Week
Ripple CEO Brad Garlinghouse is set to testify before the US Congress next week in a hearing focused on crypto market structure. The session, scheduled for Wednesday at 10:00 AM ET, aims to address regulatory clarity for digital assets, with industry leaders providing insights on classification and oversight.
Republican lawmakers are expected to push for definitive legal frameworks, particularly concerning decentralized protocols and open-source developers. Attorney John E Deaton has highlighted the persistent lack of clarity surrounding Ripple's regulatory standing.
Other witnesses include Kristin Smith of the Blockchain Association, Chainalysis CEO Jonathan Levin, and Dan Robbinson of Paradigm. The outcome could significantly influence future cryptocurrency legislation in the United States.
Ripple Pursues Federal Banking License for RLUSD Stablecoin Amid Cautious XRP Market
Ripple is advancing its foothold in U.S. financial services by seeking a national trust charter from the Office of the Comptroller of the Currency. The move WOULD transition its RLUSD stablecoin—launched in May under New York’s DFS—to federal oversight, aligning it closer to Circle’s regulatory framework and potentially broadening institutional adoption.
The company’s subsidiary, Standard Custody & Trust, has concurrently applied for a Federal Reserve master account. Approval would enable Ripple to custody reserves directly with the Fed, mirroring Anchorage Digital’s crypto-native federal charter. Jack McDonald, Ripple’s SVP of Stablecoins, framed the dual-regulation approach as a potential benchmark for stablecoin transparency.
Market reaction remained subdued, with XRP dipping 2.28% to $2.23 despite modestly elevated trading volume of $3.1 billion. Analysts suggest the news was partially priced in, leaving attention focused on regulatory outcomes.
