Ripple (XRP) News: Elizabeth Warren Says Ripple’s Bank Charter Was Granted Illegally
Key takeaways
- Her argument is that the firms took narrow “trust” charters while planning full-bank activities like payments, lending, and stablecoin issuance, which she calls regulatory arbitrage.
- The crypto industry says the GENIUS Act authorized the charters, and even if Ripple’s survives, that’s a question for the company more than for XRP.
- The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
Ripple (XRP) News: Elizabeth Warren Says Ripple’s Bank Charter Was Granted Illegally Paul Zimmerman / Getty Images Sam Daodu Wed, May 27, 2026 at 8:00 PM GMT+7 6 min read XRP-USD NVDA GENIUS-USD Quick Read Senator Elizabeth Warren sent the OCC a letter on May 18 calling the national trust charters granted to nine crypto firms, including Ripple, illegal under the National Bank Act, with a June 1 deadline for records.
Her argument is that the firms took narrow “trust” charters while planning full-bank activities like payments, lending, and stablecoin issuance, which she calls regulatory arbitrage.
Nothing has been revoked. The crypto industry says the GENIUS Act authorized the charters, and even if Ripple’s survives, that’s a question for the company more than for XRP.