News section

Ripple co-founder Chris Larsen’s associated XRP wallets have shown renewed activity, coming ahead of Tuesday’s Texas Democratic primary runoff election.Larsen is estimated to hold approximately 2.58 billion XRP across eight wallets tracked on XRPScan, making his holdings one of the largest known individual XRP positions.XRP was trading near $1.35 at time of writing, with today’s activity following $109 million in Larsen-linked wallet transfers to exchanges recorded in January 2025.

MoonPay launched a dedicated app in ChatGPT’s App Store on May 22, making it the first and only crypto onramp integrated inside OpenAI’s chatbot.Users ask ChatGPT about a crypto asset and request a purchase amount, then receive a MoonPay checkout link to complete KYC and payment at moonpay.com.The app supports Bitcoin, XRP, Ethereum, Solana, USDC and 100-plus tokens across 30-plus chains in 160-plus countries via card, Apple Pay or bank transfer.

MoonPay's new app lets users buy cryptocurrencies, including Bitcoin and Solana, through ChatGPT just by speaking with the chatbot.

Five major banking groups jointly rejected the Tillis-Alsobrooks stablecoin yield compromise, calling it insufficient days before the May 14 markup.Senators Lummis and Tillis publicly defended the deal, warning that banking opposition may be aimed at killing the CLARITY Act altogether.Prediction markets currently price the bill’s odds of becoming law in 2026 at over 60%, with the White House targeting a July 4 presidential signature.

The application seeks to establish the Payward National Trust Company, or PNTC.“PNTC expects to serve institutional clients and individual customers seeking regulated, bank-level custody and trust services for digital assets,” Payward said.

Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.

Bitcoin briefly plummeted to about 2 cents on Revolut due to what the financial platform described as a third-party service disruption.

New XRP addresses hit multi-year lows, per Glassnode data, as the network shifts from "retail speculation" to institutional usage.

Senator Ashley Moody appeared at Consensus Miami 2026 on Day 3 alongside Digital Chamber CEO Cody Carbone.The session addressed Washington’s relationship with crypto as the CLARITY Act approaches a Senate committee vote.Moody joins a historically large cohort of federal policymakers appearing at Consensus 2026 for the first time.

Senate Banking Committee markup is planned for this month, leaving four working Senate weeks in June for floor passage, said Patrick Witt.

JPMorgan, Mastercard, Ripple, and Ondo tested tokenized Treasury redemption across XRPL and banking rails together.OUSG moved through XRPL while Kinexys delivered dollars to Ripple’s Singapore bank account in pilot.The pilot adds momentum to tokenized Treasuries as Wall Street waits for clearer rules globally.

The pilot transaction involved Ripple, JPMorgan, Mastercard and Ondo Finance.“By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow,” Ripple said.

Senator Kirsten Gillibrand appeared on the Consensus Miami 2026 mainstage on May 6 and said she is optimistic about the path forward for the CLARITY Act.Gillibrand also discussed AI regulation and her outlook for Democrats in the 2026 midterms during her live Consensus appearance.Charles Hoskinson, Eric Trump, and Michael Saylor were also scheduled to appear at Consensus Miami on Day 2.

Major financial institutions use XRP Ledger to demonstrate blockchain's ability to settle tokenized Treasuries across borders in seconds.

Bank trade groups formally opposed the stablecoin yield compromise, with TD Cowen saying it sees no middle ground between banks and crypto platforms.The dispute could still delay the crypto bill and reduce the chances of it passing this year, the firm said.

If the Senate Banking Committee does not hold a markup in the next few weeks, the chances of a bill passing into law drop “precipitously,” said Ripple CEO Brad Garlinghouse on Tuesday.Pressure has been building to pass a broad crypto bill that would regulate the industry at the federal level for the first time.