Official announcements from Ripple or the partnering bank

Ripple Secures Money Transmitter Licenses in New York and Texas, Boosting Regulatory Compliance for $XRP

Jan 27, 2025, 03:02 PM

Ripple has successfully obtained Money Transmitter Licenses in both New York and Texas, enhancing its regulatory compliance across the United States. This move is part of Ripple's strategy to expand its footprint in the U.S. cryptocurrency market, particularly as it navigates a complex regulatory environment. The acquisition of these licenses is seen as a positive development for Ripple and its digital asset, XRP.