Ripple’s CEO Drops Bombshell That Will Make Banks Sweat 😏💰

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In an announcement that could only be rivaled by a duchess discovering she has run out of pearls, Ripple CEO Brad Garlinghouse proclaimed that his company had snagged conditional approval from the US Office of the Comptroller of the Currency-yes, the very agency tasked with making sure the nation’s banks don’t spontaneously combust. Ripple is now on track to become the illustrious Ripple National Trust Bank. 🎩✨

Meanwhile, Circle got its nod of approval, and stalwarts like BitGo, Fidelity, and Paxos gracefully pirouetted their state-chartered trust companies into the federal system, as the ever-diligent journalist Eleanor Terrett reported with a flair only slightly less dazzling than a peacock at a ball.

Adding more context here: The @USOCC’s conditional approvals apply to both shiny new national trust banks (de novo, because fancy Latin is always necessary) and those state-chartered trust companies that had a sudden desire to level up into the federal league.

De novo approvals include @Ripple National Trust Bank and First National Digital Currency…

– Eleanor Terrett (@EleanorTerrett) December 12, 2025

Comptroller Jonathan Gould reportedly reminded everyone that each application endured a “rigorous” review, which, in layman’s terms, means more paperwork than a Victorian novel. He did assure the world that these newcomers are here to modernize, diversify, and sprinkle a little innovation fairy dust across the banking system. 🪄💸

Not one to let tradition snooze in peace, Garlinghouse seized the moment to poke the banking lobbyists, who apparently prefer their industry stale and predictable.

“To the banking lobbyists – your anti-competitive theatrics are as transparent as a crystal teapot. You claim crypto doesn’t follow the rules, yet here we are, under OCC’s watchful eye, prioritizing compliance, trust, and innovation for mere mortals-er, consumers. What dreadful monster are you so frightened of?”

Garlinghouse pronounced this development “huge news” for Ripple, a phrase that modesty would never allow him to use lightly, and hailed it as a “massive step forward” for the native stablecoin (RLUSD), which now proudly boasts the “highest standard for stablecoin compliance” under both federal and state supervision. 🎉📈

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2025-12-12 20:10