Can Ripple’s Fed Master Account Approval Trigger A New XRP Bull Run? AI Model...
Ripple’s possible approval to hold a Federal Reserve (Fed) master account could be the spark that pushes XRP into another major phase of upside momentum. Fed Settlement Access In his latest report, market analyst Sam Daodu said AI models broadly agree that XRP may rise if Ripple gains access to Fed settlement infrastructure. A major reason behind the optimism is that Fed access would allow Ripple to settle directly through those rails, rather than routing transactions through banks that currently act as middlemen. Related Reading: Ethereum (ETH) Drops Below $2,000—Why Standard Chartered....
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Crypto pundit Vincent Van Code has explained what a $5 trillion Fed master account, which Ripple is eyeing, could mean for XRP. This comes as the Fed weighs rolling out skinny master accounts for crypto firms, which could also provide them access to the central bank’s payment rails. What A Fed Master Account For Ripple Could Mean For XRP In an X post, Vincent Van Code stated that a Fed master account for Ripple means that the company can hold its RLUSD backing balance with the Fed without counterparty risk. He further noted that the $5 trillion is a glimpse into how much RLUSD will be....
President Donald Trump has signed an executive order pushing US financial regulators and requesting action from the Federal Reserve to review whether fintech and crypto-linked firms should get broader access to core payment infrastructure. For Ripple, which has been seeking a Fed master account tied to its RLUSD stablecoin strategy, the order moves a long-running […]
The crypto industry took a significant step deeper into the traditional financial system on Wednesday after Kraken Financial, a Wyoming-chartered digital asset bank, was granted a Federal Reserve (Fed) master account. According to one expert, Ripple may follow suit. The approval makes Kraken Financial the first crypto-focused bank in US history to gain direct access […]
Crypto pundit X Finance Bull has drawn attention to Ripple’s new whitepaper, which highlights plans to use XRP for its prime brokerage offering. Ripple also recently announced plans to offer its institutional clients access to XRP derivatives on Coinbase Derivatives. XRP’s Role In Ripple’s New Digital Prime Broker Model In an X post, X Finance […]
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days. Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account.Custodia, formerly known as Avanti was one of the first Special Purpose Depository Institutions (SPDIs) also known as “blockchain banks” made under a Wyoming regulatory framework.The bank was founded by Caitlin Long, an early advocate....