Ripple’s ambitious plan to establish a national trust bank is nearing its critical milestone. The company’s application for federal regulatory approval, submitted in July and currently undergoing review, will end on October 30th. This marks a pivotal moment as Ripple aims to create a federally regulated entity headquartered in New York, with Ripple Labs Inc. listed as the sponsoring organization. 🕵️♂️ The filing details key leadership roles, including John (Jack) McDonald (President), John Zavaglia (Chief Operating & Trust Officer), Stuart Alderoty (Chief Legal Officer), Timothy Francis Keaney (Institutional Strategy), and David Puth (Risk and Global Policy). This structure positions Ripple National Trust Bank as a bridge between blockchain technology and traditional financial systems.