Kraken parent company applies for OCC charter in move toward banking

Burns Brief

The US banking regulator has already approved similar charter applications for Coinbase, Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $XRP for reaction — a decisive move above or below key levels will confirm the next trend.