The deadline for Banking Committee members to file amendments to the Clarity Act text was 5 p.m. ET. Unclear as of now how many were submitted exactly, but for context, there were 137 amendments filed ahead of January’s planned markup, so this time could see as many, if not more.
@Ripple is the trust. #XRP is the bank. One builds the rails, the other holds the value.
One establishes confidence, the other enables settlement, and solves the problem of value.
Most still think this is about payments. It’s about rebuilding the entire financial system.
HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the banking lobbyists – your anti-competitive tactics are transparent. You’ve complained that crypto isn’t playing by the same rules, but here’s the crypto industry – directly under the OCC's supervision and standards – prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?