Ripple could gain banking license with new US proposal

• Ripple May Get Exclusive Banking License in the US
• New proposal aims to regulate digital finance
• Initiative seeks to facilitate digital payment services

A new proposed banking charter in the United States could pave the way for companies like Ripple to obtain specific licenses geared toward the digital finance sector, the announcement was made by Greg Kidd, an American politician and former congressional candidate, during the XRP Las Vegas conference.

Kidd, who is also the founder of Haka Yaka Ventures and owner of Vast Bank, highlighted the need for a regulatory model that exclusively serves companies focused on digital deposits and payments. The idea is to create a more competitive and innovative environment for institutions that work with cryptocurrencies and modern financial services.

The new statute, if approved, aims to simplify the licensing process for companies that, like Ripple, offer blockchain-based solutions and digital financial services. During the event, Kidd reinforced that the current model for granting banking licenses in the US is complex and often outdated in relation to the demands of the digital asset sector.

Ripple could get a banking license.

Because the cost of price in payments is almost zero on the XRPLedger.
There is no reason that payments shouldn`t be universally accessible and the price charge should be zero. It`s like a public good.

Banking is just basically like… pic.twitter.com/hZNSfpzpkd

— Digital Perspectives (@DigPerspectives) June 12, 2025

Ripple, known for its presence in the international payments market using blockchain, could be one of the main beneficiaries of the change. According to Kidd, the creation of this new type of license will allow companies in the sector to expand their financial operations with greater legal certainty.

In addition to Ripple, other companies native to the cryptocurrency sector will also be able to apply for this new type of license. The aim is to stimulate competition in the North American banking system, offering more options for consumers and increasing access to digital financial services.

Kidd highlighted that the initiative aims to create a more agile and less bureaucratic environment for fintechs and digital payment providers, without giving up the necessary security and regulatory oversight.