Heavy news from Ripple—The Office of the Comptroller of the Currency (OCC) in the United States has conditionally approved Ripple to establish a national trust bank. This move marks a groundbreaking advancement for cryptocurrency companies within the US traditional financial system.

Obtaining an OCC trust bank license means Ripple will be able to provide banking services within a compliant framework, a milestone recognition for the entire industry. Although the conditional approval is not a final green light, it demonstrates regulators' open attitude towards integrating blockchain companies into traditional finance.

From a market perspective, such regulatory good news often triggers price volatility of related assets. At the same time, it also provides a reference case for other Web3 companies to seek compliance status. Industry observers believe this could accelerate further integration between traditional finance and crypto assets.