Key Insights:
- Ripple confirmed plans to pursue a MiCA license to expand crypto services across the European Economic Area in the latest XRP news.
- Ripple registered Ripple Payments Europe S.A. in Luxembourg in April to support its EU expansion plans.
- California Governor Gavin Newsom launched the California Breakthrough Project with leaders from Ripple, Coinbase, and MoonPay
Ripple has affirmed its intentions to secure a MiCA license in a bid to have a wider spread of its crypto and stablecoin services in the European Economic Area. In other XRP news, Ripple participated in the California Breakthrough Project to advocate public-private innovation in government services.
XRP News: Ripple Confirms MiCA License Pursuit
Ripple has officially confirmed its plan to obtain a Markets in Crypto Assets (MiCA) license. This will position the firm to expand its crypto and stablecoin services throughout the European Economic Area (EEA).
In recent XRP news, a Ripple spokesperson stated that the firm intends “to become MiCA-compliant.” He recognized the European market as a core component of its international strategy.
The shift was, therefore, in accordance with the tendency of crypto firms desiring to operate within transparent legislation. MiCA regulation was adopted in June 2023 with legal direction to crypto asset issuers and providers of crypto services.
As part of its MiCA interests Ripple established a new Luxembourg-based legal entity in April 2025, Ripple Payments Europe S.A. The registration formed a stepping block to full establishment of the firm in Europe and the achievement of regulatory goals in the region.
While reports also suggested that Ripple may have applied for an electronic money institution license in Luxembourg, the company has not confirmed this information.
Luxembourg Emerges as a MiCA Licensing Center
More so, Luxembourg’s role as a regulatory hub continued to expand. In the XRP news, other high-profile companies have secured licenses in the country, making it a central node for MiCA-compliant operations.
In June, Coinbase received its MiCA license from Luxembourg’s Commission de Surveillance du Secteur Financier, designating the nation as its EU headquarters.
Bitstamp followed a similar path, announcing in May that it obtained a crypto asset service provider license in Luxembourg. Additionally, Clearstream Banking, a key institution involved in the European Central Bank’s digital euro initiative, also holds a MiCA-compliant license in the country.
Standard Chartered, a global bank with wide-ranging operations worldwide, opened its crypto services in early 2023 in Europe. This followed the move for a digital asset license in Luxembourg.
Nonetheless, Luxembourg has remained conservative regarding the regulation of crypto despite this movement. In May, the national risk assessment of the country identified virtual asset service providers to be included in the high-risk category with regard to money laundering.
Ripple Participates in California Government Initiative
Further on XRP news, Ripple’s regulatory expansion was not limited to Europe. On the domestic front, the company was part of a new government initiative in California aimed at driving innovation.
Notably, Governor Gavin Newsom recently launched the California Breakthrough Project. This is a task force that included leaders from Ripple, Coinbase, MoonPay, and other technology and finance firms.
Additionally, the group convened for the first time on June 6 at Ripple’s San Francisco headquarters. Other participants included representatives from Instacart, Snapchat, and Anduril, alongside well-known angel investor Ron Conway.
The project was designed to enhance collaboration between the public sector and private industry to streamline government services. Additionally, improvement of government inefficiency within the system and the creation of transparency among the masses.
Amid the XRP news, Ripple’s token surged over 26% in the past week, rising from $2.30 to $2.93. Strong accumulation and bullish sentiment supported XRP price rally despite a 28% drop in 24-hour trading volume.
Source: https://www.thecoinrepublic.com/2025/07/16/xrp-news-ripple-plans-mica-license-to-boost-eu-crypto-and-stablecoin-services/