John Squire (@TheCryptoSquire) has expressed his enthusiasm about an upcoming development that could have a significant impact on XRP. He highlighted rising institutional activity and ISO 20022 readiness as direct catalysts for XRP. He put XRP at the center of this shift.
His view gained strength as banks now have the freedom to operate in the digital asset sector. With the transition to the ISO 20022 standard just around the corner, he believes XRP will play a major role in the financial system.
🇺🇸 MASSIVE FOR XRP 🇺🇸
The CFTC Chairman said major banks will accelerate their crypto and Bitcoin services.
This clears the way for assets like #XRP with institutional focus and ISO 20022 readiness.
It all begins on November 28.
The runway is open for $XRP. pic.twitter.com/Y0Oy5UymgD— John Squire (@TheCryptoSquire) November 19, 2025
CFTC Chairman Supports Institutional Expansion
Squire shared a video featuring CFTC Commissioner Caroline Pham, who provided the context for this change. She said that past rules “prohibited banks from engaging in digital asset activities without getting a letter of non-objection from the bank regulators.”
She called the measure “the infamous SAB 121,” which was rescinded earlier in the year. She stated that the removal of this rule by acting SEC Chair Mark Uyeda was a huge step. Her remarks indicate a direct regulatory shift that allows banks to act again.
Pham also noted that major institutions never left the sector. She said JPMorgan, BNY, and Citi moved forward, but she added that it has “been quiet.” She then said banks will “really accelerate.” Her statement signals the start of visible engagement after years of limited activity.
Pham said the market will see “more deployments, more volume, and so on and so forth.” She also explained that much of the work happened “through portfolio companies and strategic equity investments.” She concluded that the public will see that deployment.
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Why This Matters For XRP
Squire links these developments to XRP because the asset targets the institutional payments use case. XRP promotes speed and efficiency. Ripple’s technology also aligns with ISO 20022, which supports structured financial data.
Banks are preparing to migrate to updated messaging standards. SWIFT will transition to the ISO 20022 standard on November 22. Assets that can fit into this system have an edge as institutions scale up operations. Squire focuses on this point to explain why XRP stands out in the current climate.
Pham’s remarks add strength to his position. She explained that banks can move forward once regulators feel comfortable with their risk governance frameworks. This opens space for real activity. XRP aims for these systems. Its design supports cross-border transfers with low friction. This gives it a clear role as banks move long-running projects into production.
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 advised to conduct thorough 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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