Ripple applies for US banking license, joining crypto rush for legitimacy

Description

Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional finance.

Authors

Jesse Coghlan

Publish date

July 2, 2025

Publisher

Cointelegraph

Related projects

Ripple

Web URL

https://cointelegraph.com/news/ripple-applies-us-banking-license-joining-circle?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Referenced by

Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in,” he added, mentioning the conspiracy that the Biden administration sought to cut off crypto from the financial system.

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Ripple applies for US banking license

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Master Account with the Federal Reserve, which would give it access to the US central banking system

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