Ripple has submitted an application for a banking license with the U.S. Office of the Comptroller of the Currency (OCC), aiming to expand its financial services offerings. The move could allow Ripple to operate as a licensed bank, providing more regulatory clarity for its operations and XRP token. CEO Brad Garlinghouse emphasized the importance of working within the regulatory framework to foster innovation. If approved, Ripple would join a small group of crypto-focused banks in the U.S., potentially strengthening its position in cross-border payments and digital asset services. The OCC has previously granted similar licenses to crypto firms like Anchorage and Paxos.