OCC's Gould Invites Ripple, Crypto.com to Seek US National Bank Charters as Stablecoin Rules Shift

Comptroller of the Currency Jonathan Gould has opened the door for major crypto companies such as Ripple and Crypto.com to pursue national banking charters under the Trump Administration, while moving to roll back Biden-era guidance that required banks to obtain supervisory approval before engaging with digital assets, Cryptonews reports. This policy shift treats crypto-related activities as allowed unless explicitly prohibited, potentially giving chartered firms direct access to Federal Reserve payment rails like FedNow or Fedwire and simplifying custody and stablecoin operations under the President's Working Group on Digital Asset Markets timeline for a stablecoin integration report by July 2025. Traditional banks are pushing back, warning that new chartered crypto entrants could gain use of Fed payment infrastructure without facing the same capital requirements, as the industry targets a projected $3 trillion stablecoin market by 2030 and regional banks collaborate on the Cari Network to keep tokenized deposits and settlement activity within their own payment systems.