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Benzinga
Benzinga
Business
Khyathi Dalal

XRP Spikes 3% As Ripple Applies For US Banking License

XRP

Ripple (CRYPTO: XRP) is joining the ranks of crypto firms seeking greater legitimacy and regulatory clarity by applying for a national banking license with the U.S. Office of the Comptroller of the Currency.

The move would shift oversight of Ripple's stablecoin, RLUSD, from New York state regulators to federal jurisdiction, aligning with upcoming stablecoin legislation.

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