The move places Ripple among a growing cohort of crypto companies seeking bank charters in anticipation of the GENIUS Act, which is expected to require such licenses for stablecoin issuers.
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Ripple Files for National Bank License and Fed Master Account to Boost RLUSD Security
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Congress advances the GENIUS Act, which is expected to require licenses for stablecoin issuers, a growing number of crypto firms including Ripple are applying for bank charters in anticipation of the legislation
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