Following OCC approval, reserve arrangements for Ripple's RLUSD stablecoin fall under oversight from both the Office of the Comptroller of the Currency and the New York Department of Financial Services

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.

Rules for who may hold digital assets on behalf of others and how, covering qualified custodians, banking charters, and the accounting treatment of custodied crypto.