Today in crypto, Ripple Labs is applying for a national bank charter with the US Office of the Comptroller of the Currency, aiming for greater legitimacy and regulatory compliance in the market. Ripple CEO Brad Garlinghouse emphasized that approval would set a unique benchmark for trust in the stablecoin market, as the company already launched a regulated stablecoin, Ripple USD (RLUSD). Meanwhile, US President Donald Trump sees a significant rise in his wealth, reportedly increasing by $620 million from crypto ventures, which contribute around 9% to his net worth. His crypto-related income stems from his family-backed business World Liberty Financial and a personal memecoin. Trump’s governance tokens in this venture are valued collectively at over $2 billion. Furthermore, Coinbase has acquired token management platform Liquifi to enhance its capabilities in tokenization projects. This is Coinbase's fourth acquisition of the year, aimed at facilitating smoother, compliant token launches for new projects.

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