Ripple has filed for a U.S. federal bank charter on Tuesday, signaling a major strategic shift. Meanwhile, the SEC has paused decisions on converting XRP, Solana, and Cardano into ETFs. Here’s what it all means for investors.

The application follows stablecoin issuer Circle's similar effort to expand crypto services and move into federal regulatory oversight.

Ripple joins Circle in pursuing banking license ambitions. This move has pushed the XRP price to rise by 3% in the last 24 hours.