Ripple, which issues the digital currencies XRP and Ripple USD (RLUSD), is nearing a deadline for U.S. regulators to approve or reject the bank it proposed last June.
The company filed an application with the Office of the Comptroller of the Currency (OCC) on July 2, 2025, to establish a financial corporation called Ripple National Trust Bank.
As reported by CriptoNoticias, if the OCC grants approval, its USD-backed stablecoin RLUSD will come under direct federal oversight, complementing current state regulations enforced by the New York Department of Financial Services (NYDFS).
El Ripple National Trust Bank Aims to connect traditional banking and the cryptocurrency industry. The bank will operate as a limited trust entity and will focus on services such as stablecoin reserve management, digital asset custody and payments.
Key documents for the creation of the bank were signed on June 30, 2025, beginning a 120-day period to advance operational and regulatory requirements. By October 28, 2025, Ripple needs to demonstrate complete readiness, including capital plans and internal structureaccording to the OCC manual.
but, This deadline is at risk due to the partial U.S. government shutdownThis stems from Congress’ failure to pass a fiscal year 2026 spending bill due to partisan disagreements between Republicans and Democrats over federal spending priorities.
As a result, nonessential agencies like the OCC cease operations; This delays regulatory reviews and decisions involving Ripple.. This could potentially extend the process beyond October.
