OCC Greenlights Banks for Crypto Assets XRP Ethereum Bitcoin Surge

The U.S. Office of the Comptroller of the Currency (OCC) has recently announced a significant regulatory shift, granting U.S. banks the authority to store crypto assets, engage in stablecoin operations, and process payment transactions using distributed ledger technology (DLT). This move is expected to drive substantial institutional investment and adoption for major crypto assets like XRP, Ethereum, and Bitcoin.

The OCC, which oversees national banks, has historically had a fluctuating stance on crypto, depending on leadership. Under the previous administration, crypto-friendly policies were encouraged, particularly during Brian Brooks’ tenure. However, this progress was partially reversed by Michael Hsu, who enforced stricter oversight on digital assets. The latest letter from the OCC signals a return to a pro-blockchain stance, eliminating the requirement for banks to obtain special approvals for crypto activities and streamlining their path to blockchain adoption.

Acting OCC Chair Rodney Hood stated that the rescission of previous restrictions is intended to reduce burden, encourage responsible innovation, and enhance transparency. This policy shift could be transformative for XRP and Ripple, whose XRP Ledger (XRPL) is designed for high-speed, low-cost cross-border transactions. Ripple’s recent launch of the RLUSD stablecoin aligns seamlessly with the OCC’s pro-crypto stance, positioning XRP as an attractive option for banks looking to integrate blockchain-based payment solutions. With financial institutions now authorized to hold and operate digital assets, XRPL adoption could surge, boosting XRP’s utility and demand.

Ethereum and Bitcoin are also set to benefit from this regulatory change. Ethereum’s extensive smart contract ecosystem could see increased institutional adoption as banks explore blockchain-powered financial products. Meanwhile, Bitcoin’s role as a store of value may strengthen under clearer regulatory guidelines for bank custody and transactions. The OCC’s decision comes amid a broader federal push toward embracing crypto, with President Trump’s recent executive order on digital assets underscoring a pro-blockchain stance.

Major financial institutions are already responding to the shift. Bank of America is preparing to launch a stablecoin on Ethereum, highlighting the network’s banking relevance. JPMorgan Chase is exploring stablecoin integration alongside its digital deposit tokens. Meanwhile, UK-based fintech firm Revolut is considering issuing its stablecoin and expanding its crypto-friendly offerings. The OCC's decision to allow banks to engage in crypto activities without prior approval is a significant move that