RIPPLE TO BUY NEW YORK CRYPTO TRUST COMPANY TO EXPAND U.S. OPTIONS

Summary from the TLDR Crypto newsletter

Ripple is set to acquire Standard Custody & Trust Co., a move that could expand the firm's business operations within the US. The deal, still subject to regulatory approval, can potentially move Ripple beyond its established role as a payments network. The acquisition follows Ripple's purchase of another custody business and signals the firm's intent to confront regulatory uncertainties and stiff competition.