XRP Army – An Official Ripple Letter Just Dropped. Here’s What Is Happening

A new regulatory filing from Ripple is circulating among XRP holders. The company sent a comment letter to the FDIC on June 9 responding to the agency’s proposed rule implementing GENIUS Act requirements for payment stablecoin issuers.

Crypto commentator Archie (@Archie_XRPL) shared the document. He called it proof that Ripple is pushing hard for RLUSD reserve deposits to receive pass-through FDIC insurance. This move could potentially improve RLUSD custody.

The Letter’s Core Argument

Ripple argues the FDIC’s proposed rule would categorically exclude stablecoin reserve deposits from pass-through deposit insurance. The agency’s current draft treats the entire reserve pool as a single corporate deposit capped at $250,000 in coverage.

Ripple calls this a misreading of the GENIUS Act. The company cites Chairman Travis Hill’s March 2026 remarks, in which he acknowledged the statute is silent on the issue and said the FDIC wants input.

The Case for Pass-Through Coverage

Ripple’s argument hinges on a structural risk. Under the proposal, a stablecoin issuer holding reserves at an insured bank has no protection beyond $250,000 if the bank fails. Ripple says this pushes issuers to pull reserves the moment a bank shows distress, turning isolated stress into an outflow.

Chairman Hill said pass-through coverage would reduce the risk that an issuer encounters if its bank fails. Ripple compares this to PayPal, whose custodial funds at insured banks qualify for pass-through coverage.

The Ripple National Trust Bank Connection

The letter details Ripple’s broader regulatory build-out, directly relevant to how RLUSD reserves are structured. Ripple holds a BitLicense from the NYDFS and operates Standard Custody & Trust Company, the NYDFS-regulated entity that issues RLUSD.

In December 2025, Ripple received conditional approval for Ripple National Trust Bank. The letter describes it as a national entity purpose-built to serve as collateral trustee for RLUSD reserves under federal prudential supervision.

A trust bank built specifically to hold and manage RLUSD reserves strengthens Ripple’s case that its reserve holders are identified and traceable, a standard the letter says satisfies the FDIC’s existing pass-through framework.

What This Means for XRP

This filing matters for XRP because it shows Ripple building the regulatory infrastructure RLUSD needs to scale institutionally. Ripple National Trust Bank gives RLUSD a federally supervised home for its reserves. Pass-through insurance, if adopted, would remove a key hesitation banks have about custodying RLUSD in size.

Deeper institutional adoption of RLUSD means more activity on XRPL. Archie stated that this move would give banks the ultimate safety net to custody RLUSD. The rule is still in comment period, but Ripple is positioning RLUSD for the outcome it wants.

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