CFTC Chair Caroline D. Pham has addressed the evolving position of banks in the digital asset sector, offering clarity on how regulators now view their participation. Crypto influencer John Squire (@TheCryptoSquire) shared a video of her remarks highlighting the significance for both banks and the wider digital asset ecosystem. Pham explained that banks had previously been restricted from engaging in certain digital asset activities without first securing a letter of non-objection from regulators. She referenced the controversial SAB 121, noting that it “forgot that banks are public companies and that banks custody things.” Pham described the swift move to rescind the measure as crucial, crediting Mark Uyeda, acting Chair of the U.S. Securities and Exchange Commission (SEC), for addressing the issue almost immediately after taking office. BIG NEWS FOR $XRP Banks are diving deeper into crypto, confirms CFTC Chair. $XRP isn’t just ready — it was designed for this moment. pic.twitter.com/fRmHKqgfr8 — John Squire (@TheCryptoSquire) September 21, 2025 A Green Light for Banks By eliminating these restrictions, banks now have greater freedom to participate in digital asset activities. Pham noted that institutions such as JPMorgan, BNY Mellon, and Citi have already taken steps in this area, though their involvement has often remained quiet until now . She emphasized that banks can now accelerate projects that have been in development since 2016. Her comments pointed to the importance of regulatory alignment. According to Pham, banks will move forward as long as regulators are “comfortable with the banks, with their risk governance frameworks.” This focus on governance ensures that institutions maintain proper safeguards while engaging in new financial technologies. Strategic Investments and Deployment Many banks have engaged with digital assets indirectly through portfolio companies and strategic equity investments. Pham indicated that the regulatory changes will allow these investments to translate into more visible deployments. The expectation is that with regulatory concerns addressed, banks will increase their volume and visibility in the digital asset space. The ability of banks to transition from exploratory efforts into actual deployment signals a pivotal shift. Institutions are no longer constrained to operate quietly or rely solely on external investments. However, can integrate digital assets more directly into their operations, and attractive assets like XRP will receive all the attention from the community. Advantages for XRP For XRP, this development aligns closely with its intended purpose. The digital asset was designed for efficient cross-border settlement and liquidity solutions, making it highly relevant as banks expand their digital strategies. If banks move forward with greater confidence, XRP stands to benefit. Squire emphasized this perspective when sharing Pham’s comments, pointing out that XRP has been positioned for this exact moment. With banks now cleared to advance their projects, XRP could see increased adoption in areas such as payments, remittances, and institutional liquidity solutions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. The post Pundit Says This CFTC Confirmation Is Big News for XRP appeared first on Times Tabloid .
