Ripple CEO Calls OCC Approval "Huge News" and Blasts Banking Lobby
Ripple CEO Brad Garlinghouse reacted to the U.S. Office of the Comptroller of the Currency’s conditional approval for Ripple National Trust Bank by calling the decision “huge news.” The conditional charter is a regulatory milestone for the company and could pave the way for expanded, onshore trust and payments services tied to Ripple’s ecosystem, though final operations remain contingent on satisfying OCC conditions.
Garlinghouse used the moment to blast the banking lobby, accusing established industry groups of trying to slow crypto-focused charters and regulatory clarity. The exchange highlights ongoing political tensions over how digital-asset firms are overseen. Market participants will now watch how Ripple meets OCC requirements, the timeline for a final charter, and any implications for XRP custody and regulated service offerings in the U.S.