John Squire, known as @TheCryptoSquire on X, has voiced significant optimism regarding an upcoming development poised to profoundly influence XRP. He specifically identified increased institutional involvement and the readiness for ISO 20022 compliance as key factors driving XRP's potential. Squire has positioned XRP at the forefront of this evolving financial landscape.
This perspective is further bolstered by recent regulatory clarity, which now grants banks greater freedom to operate within the digital asset sector. With the financial industry's imminent transition to the ISO 20022 standard, Squire anticipates XRP will assume a pivotal role in the global financial system.
MASSIVE FOR XRP 🇺🇸
The CFTC Chairman said major banks will accelerate their crypto and Bitcoin services.
This clears the way for assets like #XRP with institutional focus and ISO 20022 readiness.
It all begins on November 28.
The runway is open for $XRP. pic.twitter.com/Y0Oy5UymgD— John Squire (@TheCryptoSquire) November 19, 2025
CFTC Chairman Supports Institutional Expansion
Squire shared insights from a video featuring CFTC Commissioner Caroline Pham, who elaborated on the context behind this significant shift. Pham explained that previous regulations had effectively "prohibited banks from engaging in digital asset activities without getting a letter of non-objection from the bank regulators."
She referred to this as the "infamous SAB 121," a rule that was rescinded earlier in the year. Pham highlighted the removal of this rule by acting SEC Chair Mark Uyeda as a crucial advancement, indicating a direct regulatory pivot that now permits banks to re-engage in these activities.
Pham also observed that major financial institutions had never truly exited the digital asset sector. She noted that entities like JPMorgan, BNY, and Citi had continued to operate, albeit with a degree of discretion. Pham anticipates that banks will now "really accelerate" their involvement, signaling a transition from a period of subdued activity to more visible engagement.
She projected that the market would witness "more deployments, more volume, and so on and so forth." Pham further clarified that much of the previous work had been conducted through "portfolio companies and strategic equity investments," suggesting that the public would soon observe these deployments more openly.
Why This Matters For XRP
Squire connects these developments directly to XRP due to its specific targeting of the institutional payments use case. XRP is designed to offer speed and efficiency in financial transactions. Furthermore, Ripple's technology is compatible with the ISO 20022 standard, which facilitates structured financial data exchange.
Financial institutions are actively preparing for their migration to updated messaging standards. SWIFT, a key player in global financial messaging, is set to transition to the ISO 20022 standard on November 22. Assets that can seamlessly integrate into this new system are expected to gain a significant advantage as institutions scale their operations. Squire emphasizes this integration capability as a primary reason for XRP's potential prominence in the current financial climate.
Commissioner Pham's remarks lend further weight to Squire's analysis. She explained that banks can proceed once regulators are confident in their risk governance frameworks. This regulatory comfort "opens space for real activity," which is precisely the domain XRP aims to serve. XRP's design facilitates low-friction cross-border transfers, positioning it advantageously as banks move long-standing projects into production environments.