Why OCC’s Crypto Rule Change is a Game Changer for XRP, Ethereum, Bitcoin ⋆ ZyCrypto

In a major development for the crypto industry, the U.S. Office of the Comptroller of the Currency (OCC) has granted U.S. banks the authority to store crypto assets, engage in stablecoin operations and process payment transactions using distributed ledger technology (DLT).

and others.

Notably, the OCC, the chief regulator of national banks, has historically fluctuated in its stance on crypto, depending on leadership. Under President Trump‘s first administration, crypto-friendly policies flourished, particularly during Brian Brooks’ tenure, encouraging institutional participation. However, this progress was partially reversed by Michael Hsu, who enforced stricter oversight on digital assets.

With a pro-crypto administration in place, the latest letter thus signals a return to a pro-blockchain stance. By eliminating the requirement for banks to obtain special approvals for crypto activities, the OCC has streamlined financial institutions path to blockchain adoption.

“ stated acting OCC Chair Rodney Hood in the announcement. ”

That said, 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 XRPs utility and demand.

Ethereum and Bitcoin are also set to benefit. 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. President Trump’s recent executive order on digital assets underscores a pro-blockchain stance, while his nomination of Jonathan Gould, a former Bitfury lawyer, to lead the OCC signals a continuation of policies favoring blockchain innovation.

Moreover, major financial institutions are already responding to the shift. Bank of America is preparing to launch a stablecoin on Ethereum, highlighting the networks 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.