Productive session at the White House today - compromise is in the air. Clear, bipartisan momentum remains behind sensible crypto market structure legislation. We should move now - while the window is still open - and deliver a real win for consumers and America.
“Let’s not let perfect be the enemy of good” – this right here is the key. No piece of legislation has ever been perfect by everyone’s standards. What we need is a clear framework, allowing innovation to flourish -- exactly what Market Structure will deliver.
I’ll keep saying it (even if others disagree) – clarity over chaos.
Spirited dialogue during today’s WEF session (to say the least), but one important point of agreement across the panelists was that innovation and regulation aren’t on opposite sides.
I firmly believe this is THE moment to use crypto and blockchain technology to enable economic access for a more efficient, more scalable and utility-focused global financial system.
We’ve secured our preliminary Electronic Money Institution license approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). 🇪🇺
This is a pivotal step toward scaling Ripple Payments across the EU, bringing institutional-grade digital asset infrastructure to the region. https://t.co/Q72ntwwjFB
The momentum is global:
→ 75+ licenses & registrations worldwide
→ $95B+ in volume processed to date
→ Reaching 90% of daily FX markets
With the EU taking the lead in building a regulatory framework for digital assets, we're helping institutions transition from pilots to commercial scale, and we’re bridging the gap between legacy finance and the digital future to unlock trillions in dormant capital.
Ripple Swell: We’re collaborating with @Mastercard, WebBank, and @Gemini to introduce $RLUSD settlement on the XRP Ledger for fiat credit card payments, starting with the Gemini XRP Credit Card: https://t.co/lMQ5qnthLT
This initiative sets a new benchmark for institutional efficiency, enabling faster, compliant, and more transparent settlement within traditional finance.
The future of payments is here.
With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.
Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of GTreasury.
The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first started for exactly these reasons – the infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies.
Astounding amounts of cash are trapped in outdated payments systems, creating friction, unnecessary costs, and barriers to entering new markets. GTreasury has been serving some of the most well known brands for decades – and now together with Ripple, we’ll be able to help CFOs manage all their assets, include stablecoins, tokenized deposits, etc at scale around the world, as well as put their idle capital to work with repo markets via Hidden Road.
The opportunity is here, and we’re diving right in. It’s happening!
https://t.co/GCXS6QqNqt
Banking, bonds, currency and markets: the entire financial landscape is evolving.
Blockchain is a powerful engine that creates groundbreaking opportunities for global businesses.
Learn how we're making it happen with solutions for payments, custody, stablecoins, and more: https://t.co/DRG2XlWIkv
Ripple vs SEC is over
The SEC officially Announces The Joint Stipulation to Dismiss Appeals, Resolving Civil Enforcement Action Against @Ripple and Two of Its Executives @bgarlinghouse and @chrislarsensf 🏁🇺🇸
https://t.co/ONxixYLyXJ
JPMorgan will allow Chase bank customers to connect accounts to Coinbase, EOY, making it easy for a large number of consumers to buy in the US, furthering the perception of legitimacy. This, despite JPM CEO Dimon's crypto denials over the last decade...
https://t.co/CSpQhW3u3Z
👉Pay Attention❗️BlackRock's "BUIDL" launched in partnership with @Securitize offers yield through tokenized shares.
01:10🔊"The biggest lever @wormhole has...is to bring all that liquidity and users to #XRPL"
- @robinson
Yes. The $XRP Ledger.
Lock in, because Robinson is.
Today's JPMorgan Chase Earnings Call:
👉Question about stablecoin
Jamie Dimon: "We don’t know exactly and I think they’re real, but I don’t know why you’d want a Stablecoin as opposed to just payment."
😅
https://t.co/PUONkJDeD1
True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
Earlier in the week via @StandardCustody, we also applied for a Fed Master account -- while Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in, this access would allow us to hold $RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD.
Ripple always has and will continue to build trusted, battle-tested and secure infrastructure. In a $250B+ market, RLUSD stands out for putting regulation first, setting the standard that institutions expect.