XRP
XRPInfrastructure · Built in San Francisco, CA · Ripple Labs Inc.
$1.30
0.65% up24h
Price
Why it’s on the board
Pathway: US operating company. Needs Tests 1 and 4, plus 2 or 3.
USCC Verified
on primary documents, through 2027-03-16
Test 1 · passes on primary documents
Headquartered in the United States
Ripple Labs Inc. is headquartered in San Francisco, CA.
1 source· 1 primary
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125b.pdf2026-09-14
Test 4 · passes on primary documents
Registered in a US state
Ripple Labs Inc. is registered in DE.
1 source· 1 primary
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125b.pdf2026-09-14
Test 2 · not met
American founding team
0 of 2 named founders are established US persons holding operational roles today; a majority is required.
Test 3 · passes on primary documents
Primary operations in the United States
Ripple Labs litigated the SEC's civil enforcement action through final judgment and appeal, and applied to the OCC for a national trust bank charter (Ripple National Trust Bank).
2 sources· 2 primary
- Regulatorsec.gov/enforcement-litigation/litigation-releases/lr-263692026-09-14
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125b.pdf2026-09-14
Legal entities
Ripple Labs Inc.
Delaware · operating company · San Francisco, CA
2 sources· 2 primary
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125b.pdf2026-09-14
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125b.pdf2026-09-14
Founders
Chris Larsen
Co-founder · US status not established · no operating role today
1 source
- Referenceen.wikipedia.org/wiki/Ripple_Labs2026-09-14
Jed McCaleb
Co-founder (no longer with Ripple) · US status not established · no operating role today
1 source
- Referenceen.wikipedia.org/wiki/Ripple_Labs2026-09-14
Regulatory posture
SEC
SEC v. Ripple Labs: the district court's final judgment imposed a $125,035,150 civil penalty and an injunction against violating the Securities Act's registration provisions. The SEC and Ripple dismissed their cross-appeals in August 2025, leaving the judgment in effect.
1 source· 1 primary
- Regulatorsec.gov/enforcement-litigation/litigation-releases/lr-263692026-09-14
OCC
The OCC granted preliminary conditional approval on December 12, 2025 to charter Ripple National Trust Bank, with Ripple Labs Inc. as its direct holding company.
1 source· 1 primary
- Regulatorocc.gov/news-issuances/news-releases/2025/nr-occ-2025-125.html2026-09-14
State
Ripple subsidiary Ripple Markets DE LLC (NMLS ID 2314015) lists US money transmitter licenses, including a New York money transmitter license and virtual currency business license.
1 source· 1 primary
- Legal termsripple.com/legal/money-transfer-license/2026-09-14
Record history
2026-09-14 · correction
SEC posture corrected: there was no 2024 settlement. Final judgment imposed a $125,035,150 penalty and an injunction, and the cross-appeals were dismissed in August 2025 with the judgment left in effect. The dead SEC source link was replaced. Entity and HQ re-sourced to OCC records; OCC trust bank conditional approval and Ripple Markets DE LLC licensing added. Unsourced items removed: the FinCEN MSB claim for Ripple Labs, investor annotations (including non-US SBI Holdings), founder Arthur Britto, and McCaleb's departure year.
2026-04-29 · listed
Listed in the v0.1 allowlist.
About XRP
XRP is the native asset of the XRP Ledger. Ripple Labs Inc., a Delaware corporation based in San Francisco, is the parent of the Ripple group of companies. The SEC's enforcement action against Ripple ended in August 2025, when both sides dismissed their appeals and the district court's $125 million penalty and injunction remained in effect.