Crypto analyst Xaif (@Xaif_Crypto) has drawn attention to a critical regulatory shift in the crypto and banking sector. Banks can now access XRP and certain digital assets.
In a post on X, he shared an image of the Office of the Comptroller of the Currency’s (OCC) latest announcement, asserting that this development is “bigger than the Strategic Reserve.”
SOMETHING TRUMP DID: MAKING BANKING ACCESS TO $XRP FREELY WITH REGULATORY CLARITY
BIGGER THAN STRATEGIC RESERVE
pic.twitter.com/WqIpHk6m3p
— 𝕏aif
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(@Xaif_Crypto) March 8, 2025
This statement follows President Donald Trump’s recent launch of the U.S. Strategic Crypto Reserve and the first-ever White House Crypto Summit, signaling a new direction for cryptocurrency policy in the U.S.
The OCC’s latest action removes previous restrictions that required OCC-supervised banks to obtain supervisory nonobjection before engaging in cryptocurrency services. The new guidance clarifies that banks can legally provide crypto custody, facilitate stablecoin transactions, and participate in blockchain verification networks under the same regulatory oversight as traditional financial activities.
Expanding Banking Access to XRP and Crypto Services
With this regulatory update, banks can integrate cryptocurrency services more seamlessly, which has significant implications for XRP and the broader digital asset market. By removing unnecessary hurdles, the OCC ensures financial institutions can handle crypto assets under a consistent regulatory framework, rather than treating them as a separate or high-risk category.
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Acting Comptroller of the Currency Rodney E. Hood stated, “The OCC expects banks to have the same strong risk management controls in place to support novel bank activities as they do for traditional ones.” This reinforces that the move is not about loosening oversight but ensuring digital assets are treated fairly within existing banking regulations.
A Step Forward for U.S. Crypto Policy
The timing of this OCC clarification, coming after the White House Crypto Summit and Trump’s Strategic Crypto Reserve initiative, suggests a coordinated effort to integrate cryptocurrency into the U.S. financial system. By withdrawing from restrictive joint statements on crypto-asset risks, the OCC signals a shift toward fostering innovation while maintaining regulatory safeguards.
Xaif highlights the potential impact, particularly for XRP, which has long faced uncertainty in the banking sector. With clearer regulatory guidance, financial institutions may be more inclined to offer crypto-related services, increasing mainstream adoption and liquidity.
As Xaif noted, this move is another feather in Trump’s cap, as he has kept his promise to the crypto industry, and is making the U.S. the crypto capital of the world. The U.S. Securities and Exchange Commission (SEC) has shifted its stance on cryptocurrencies, and according to many experts, it’s only a matter of time before it dismisses its lawsuit against Ripple, giving XRP the freedom Ripple and the community have fought for since 2020.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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