Context for Chatgpt:
While the XRP course seems to be exceeding an empty passage, Ripple aims to start its return to the United States with a bank license regarding its stable coin.
The XRP rate increased by only approximately 3 %after the announcement. This modest increase reflects the reality that the banking license, if granted, does not directly improve the usefulness or legal position of the XRP, at least not yet.
Ripple becomes a depository in accordance with the United States without affecting XRP
The application for banking license was submitted to the Currency Administrator (OCC), the same federal regulatory body, which oversees the Charter of Fiducial Banks.
The aim of Ripple is to function here as a regulated banking entity that allows it to maintain digital assets and manage stablecoin reserves for its new RLUSD product. This development reflects similar initiatives of other crypto companies such as circle and loyalty.
However, the Ripple strategy has limited consequences for the XRP course or short -term demand.
It is essential to note that the OCC license would not have the current regulatory status of XRP in the United States. Previously, Ripple left a cross call in the XRP attempt. This means that the decision of the Federal Court of 2023 remains in force.
To sum up, the decision concluded that the retail sales of XRP were not titles, but that the institutional sale of Ripple violated securities laws.
This ban is still in force and Ripple cannot sell XRP institutions in the United States Without recording or appropriate dry liberation.
As a result, even if Ripple acquires banking status, it cannot use this charter to re -sell the institutional sales of XRP in the national territory. Pursuant to the Federal Act on securities, it also does not mean regulated or approved assets of XRP regulated or approved asset.
Bull scenario
However, this license could enable better integration between Ripple, including RUSD, and its larger infrastructure.
If Ripple uses its banking capacity to operate regulated customers, XRP could indirectly benefit as a liquidity bridge. However, it would depend on the new business streams and the expansion of corridors and not on legal change.
Now Ripple could use its bank status to establish confidence with US institutions. This could potentially revive the interest in using XRPs in tokenized assets of assets or payments.
However, it is a long -term story, not an immediate catalyst.
Meanwhile, it reflects the development of the XRP course. Traders integrate into the price of the history of business compliance, not an improvement in the usefulness of the token.
Thus, until the XRP becomes a central point in operations supported by a wavy bank, the market is likely to consider this initiative neutral in terms of the token value.
Ripple’s banking license, if approved, could define the company’s regulatory profile. However, XRP remains where it was: partially allowed for individuals limited to institutions and waits for the main breakthrough in terms of use.
Morality History: Bank and crypto do not always make sparks.
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