CoinEx News: Ripple said on June 23 that Luxembourg's CSSF granted it preliminary approval for a Crypto Asset Service Provider license under MiCA, the EU's crypto rulebook. The approval is a Green Light Letter subject to final conditions, and Ripple says it would let Ripple Payments serve banks, fintechs and businesses across all 30 EEA countries. CASP means a firm can provide regulated crypto-asset services; it is a license path, not a token listing or price guarantee.

For XRP traders, the signal is regulatory access, not instant demand: Europe is giving payment and stablecoin infrastructure clearer rails, keeping Ripple-linked narratives active while XRP still trades on market liquidity and risk appetite.