Ripple’s Banking Push, DOGE’s Comeback Ahead?

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Is a Dogecoin rally going to happen sooner than market participants expect? Ripple is applying for a national bank charter from US regulators, and other news.

Ripple applies for US banking license, joining crypto rush for legitimacy

Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal.

“True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC,” he wrote. 

Garlinghouse said if the license is approved, it would be a “new (and unique!) benchmark for trust in the stablecoin market” as the firm would be under federal and state oversight — with the New York Department of Financial Services already regulating its Ripple USD stablecoin.

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