Ripple’s latest moves are turning long-dismissed XRP theories into talking points again. The company has confirmed it’s applied for a U.S. national bank charter, a step that once seemed impossible for any crypto firm. But now, the idea of Ripple becoming a federally chartered bank is on the table.
This announcement caught the attention of XRP advocate Edoardo Farina, who said that “every XRP conspiracy theory is playing out in real time.” He believes the bank application, along with other developments, is helping prove what the XRP community has been saying for years.
If Ripple’s application is approved, it could also bring its stablecoin, RLUSD, under the direct oversight of the U.S. Office of the Comptroller of the Currency (OCC). Ripple already has a license from New York’s financial regulator. Together, this could put RLUSD in a strong position as one of the most trusted stablecoins in the market.
Moreover, Ripple is also taking steps to gain even more access. Through its subsidiary Standard Custody, the company is seeking a master account with the Federal Reserve. This would allow Ripple to hold RLUSD reserves directly at the Fed, something only a few institutions outside the banking system are allowed to do.
Expert Says Every $XRP “Conspiracy Theory” Is Now Playing Out in Real Time. #Ripple🧵🧵🧵 pic.twitter.com/RwMcu0tOWH
— TheCryptoBasic (@thecryptobasic) July 3, 2025
Crypto journalist Eleanor Terrett compared a master account to a “Diamond” level privilege, while a national bank charter is seen as “Platinum.” Ripple’s stablecoin RLUSD, launched in December 2024, already ranks as the ninth-largest by market cap, sitting at $470 million. One Ripple executive claimed it processes up to $10 billion in daily volume, though that figure is being questioned.
Farina also brought back an older theory: that Ripple may no longer fully control the 37 billion XRP held in escrow.He speculates that government agencies like the U.S. Treasury or the IMF could have bought significant amounts behind the scenes and possibly as far back as 2020. He acknowledges that this is purely speculative and unproven, but believes the lack of information about XRP escrow ownership is suspicious.
Finally, Farina ended by saying a time will come when Ripple will reveal who truly controls the XRP escrow, and by then, it might be too late for new investors to get in cheap. “You laughed at us. Now you’re watching history unfold,” he wrote, hinting that the XRP community’s bold claims might be closer to reality than many thought.
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