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# US Currency Controller Approves Ripple (XRPL).
The US Office of the Currency Comptroller (OCC) has just authorized banks to enter the crypto space, including playing with Ripple’s XRP Ledger (XRPL).
**What is the Agreement?**
In essence, the OCC states that national banks and federal savings associations can participate in various crypto activities. This includes holding crypto assets for customers, working with stablecoins, and even participating in distributed registry networks (such as XRPL).
**Process Optimization**
To simplify matters, the OCC issued new guidelines (Interpretive Letter 1183) that simplify the compliance process. Banks no longer need to obtain a “no objection” from regulators before engaging in these activities. However, they must maintain strict risk management standards.
**Balancing Innovation and Stability**
According to Acting Currency Comptroller Rodney E. Hood, banks must apply the same level of oversight to crypto-related services as they do to traditional banking. It’s about finding the right balance between innovation and regulatory stability.
**A more adaptable approach**
To align with this shift, the OCC has withdrawn some previous statements regarding the risks and liquidity concerns of crypto assets. They also revoked Interpretive Letter 1179 of 2021, signaling a more flexible approach to crypto banking regulation.
**Continuous Supervision** Toncoin (TON) Value Forecast for March 26th
The OCC will continue to monitor banks’ crypto activities, including custody services, stablecoin reserves and blockchain-based payments.
**Main Requirements**
Banks involved in these areas must have sound risk management practices in place and ensure compliance with all applicable laws. They also need to integrate these services into their overall business strategy.
**Good News for Ripple (XRPL)**
This announcement is a positive sign for the XRP Ledger (XRPL), which is a decentralized public blockchain designed for fast transfers of XRP, fiat currencies and other digital assets. Anyone can access it and build on it.
**Recent Ripple Actions**
Ripple Labs is actively expanding its RLUSD ecosystem and has secured key listings on platforms such as Revolut and Zero Hash, making it more accessible in different regions.
Within the Ripple (XRP) Ledger, RLUSD holds immense significance in augmenting automated market maker (AMM) liquidity aggregations, particularly considering the recent activation of the AMM amendment on the primary network.
Furthermore, Braza, an international payments enterprise, has recently introduced a stablecoin linked to the Brazilian Real on the XRP Ledger. This development carries substantial weight as it broadens the spectrum of stablecoin choices available on the ledger, thereby fortifying its capabilities for facilitating worldwide transactions.
