XRP Weekly Newsletter #4

Hello. XRP is the most disruptive financial technology of our lifetime. We are living through a once in a lifetime opportunity when a change in the monetary system is happening. Ripple isn’t just competing with the banking system, it’s replacing it. The old system is dead. Will Ripple become the new central bank? The new financial rails are being laid right before your eyes. Stay asleep and you’ll miss the greatest wealth transfer in history. Bold claims you may say… So, let’s look at some clues and connect the dots.

Ripple applies for a U.S. national banking license from the Office of the Comptroller of the Currency (OCC). This is what Ripple’s CEO Brad Garlinghouse said about what was undoubtedly the biggest news of the week: “True to our long-standing compliance roots, Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market. Earlier in the week via StandardCustody, we also applied for a Fed Master account - while Congress is working towards clear rules and regulations, and banks (in a far cry from the years of Operation Chokepoint 2.0) are leaning in, this access would allow us to hold $RLUSD reserves directly with the Fed and provide an additional layer of security to future proof trust in RLUSD. Ripple always has and will continue to build trusted, battle-tested and secure infrastructure. In a $250B+ market, RLUSD stands out for putting regulation first, setting the standard that institutions expect.”

So, why has Ripple applied for a banking licence? Ripple’s goal is to be a back end infrastructure provider to banks and institutions. Not a retail bank. Fintech companies can not provide institutions bankruptcy remote guarantees like banks can. What this means is that if Ripple goes bankrupt then their stablecoin becomes part of the bankruptcy proceedings - a position financial institutions can not and will not put their customers in. If successful this move could make Ripple the biggest bank in the world.

I found Jake Claver’s following comment intriguing as it hints that we are close to that flick of the switch moment: “I knew if Ripple were to go this route it would be the last thing they did… If you become regulated by the OCC then things become very cumbersome… The final piece to their puzzle.” So, what Jake is saying here is interesting as Ripple, a Silicon Valley tech start up by nature, has been able to leverage it’s ability to move quickly as an agile and nimble business, something that has seen them grow into one of the fastest growing companies in the world, is now moving into the regulatory environment that will by implication slow their development down. Hence why Jake is saying they wouldn’t do this until they are towards the the end of the implementing their strategic growth path.

One Big Beautiful Bill passed Congress and was signed by Trump on July 4th. Independence Day! The BBB paves the way for huge tax cuts, plus includes around $2 trillion in cuts of wasteful and fraudulent spending as uncovered by DOGE, and over $3 trillion of the national debt has been approved to be re-structured and re-packaged, AKA money printing. Although there was no specific reference to digital assets in the bill, I believe the sub text and meta narrative is all about digital assets. Head winds are turning into tail winds with stablecoin and crypto regulation in place in the US. Also, an increase in the money supply, coupled with a lowering of interest rates, an inevitability, means the scene is set for the crypto bull run to start.

As a conspiracy theorist, my own view is that the One, Big Beautiful Bill is part of Trump’s big plan to destroy the Fed. Remember there is nothing Federal about The Fed which is a private bank and they certainly do not have anything in Reserve. The end of the Fed will be achieved by expediting the demise of the Federal Reserve dollar by inflating it to it’s death - the US dollar under the Fed has lost over 95% of it’s purchasing power since the Federal Reserve Act was passed by Congress on Christmas Eve in 1912. Plus the BBB allows states to accept God’s money (gold) as legal tender - which Florida and Texas has already started to do - which will ultimately lead to Trump dumping the US Federal Reserve dollar, bankrupting the Federal Reserve Bank in the process, and launching a new gold backed US note and thus ending the corrupt fractional reserve lending system.

Regulation: The Genius Act for stablecoin regulation is on Trump’s desk ready to sign and next up we have the CLARITY Act which is a framework for broader crypto regulation. This is what the Crypto Tzar, David Sacks had to say: “Congratulations to President Trump, the House & Senate leadership, and White House staff for passing One Big Beautiful Bill. Historic victories on border security, tax cuts, welfare reform, deregulation. Next up: Crypto Week in the House (July 14). GENIUS Act (stablecoins) is heading to the President’s desk. CLARITY Act (market structure) is heading to the Senate. Amazing progress in 6 months, with more victories to come!”

All this fits nicely with Ripple’s recent $1.25 billion acquisition of Hidden Road which is the first time a prime broker has been acquired by an entity other than a bank. A prime brokerage settles payments between banks and clearing houses and using XRP these settlements will be instant.

XRP ETF became closer to becoming a reality as the Greyscale ETF was approved for a mix of crypto including Bitcoin, Etherium, Solana, Cardano and XRP. Paving the way for SEC approval of the 17 applications for a XRP ETF.

You can learn all about the fractional reserve banking system by watching Mike Maloney’s excellent video below. This video is part of a 10 part video series which woke me up to the truth of the financial, monetary, and banking system. You could get a PHD in economics and they wouldn’t teach you any of this stuff. I wonder why?