NEW: @Ripple received its complete Crypto-Asset Service Provider license, making the company fully compliant with the EU's MiCA rules.
When we spoke to Cassie Craddock (@CraddockCJ), Ripple's VP, Managing Director - UK and Europe, last year, she said:
"The main reason we're seeing this adoption really happening now is regulatory clarity. It's providing banks and the largest financial institutions in the world the incentive and the ability to really lean into offering this to their customers."
"MiCA here in Europe has really kickstarted that momentum, and what we've seen is banks almost racing on a regional basis to launch a digital asset offering to their customers, because their customers are demanding it."
Now with full Crypto-Asset Service Provider authorization, Ripple can offer its regulated crypto payments product to financial institutions, corporates, and businesses across all 30 countries in the European Economic Area.
1/5 ~$4B in total tokenized real-world assets now sit on the XRP network, roughly 4x the size of its entire ETF market. Demand for XRP is turning up in three places at once. 🧵👇
This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth: https://t.co/f1nPiu69OG.
.@worldlibertyfi USD1 is live across the Zebec ecosystem.
From payroll and payments to yield, USD1 can be used to receive payroll, spend with @ZebecCards, and access WLFI Markets directly in the SuperApp. More yield solutions are coming later this year.
Before it was a nation, America was an investment. In that same spirit, the launch of Trump Accounts marks a historic opportunity for the next generation to invest in the American Dream.
I applaud President Trump and @SecScottBessent for their work to deliver this initiative.
It’s official: Ripple has received its EU CASP license. We are now fully MiCA-compliant and ready to meet growing European crypto demand https://t.co/I9GRgvfGzH
🚨 Former Federal Reserve Executive Gregg Kid Had Dropped A Bombshell On U.S. Banking Industry
Every dollar will be put on-chain and will be FDIC-insured. Those dollars can be held by any person in the world and essentially every person outside the U.S. will have a dollar deposit account on ledger.
He also says that Ripple is putting The Entire Banking Industry on-chain.
Now with Permissioned domains and privacy layer by @DNAOnChain giving credential system for institutions, this is going to be the biggest breakthrough for XRPL.
Do not forget, President Trump has said that the U.S. will rewire the banking and financial system using blockchain technology.
Well, we now know what conversation took place between President Trump and Brad Garlinghouse at the White House Dinner😳🤯
Tokenization is going mainstream.
This week, BNY, Standard Chartered, Robinhood, and Ondo all made major moves toward the next generation of financial markets.
Key updates ↓
1️⃣ BNY adds Circle’s stablecoin to digital-asset platform
Bank of New York Mellon will allow institutional customers to store, transfer, mint, and burn Circle Internet Group’s USDC stablecoin.
https://t.co/pvArdrGT5R
2️⃣ Robinhood launches Ethereum layer 2
Robinhood launched its own blockchain, an Ethereum layer 2 using Arbitrum technology, along with tokenized stocks.
https://t.co/hGthQrbuJP
3️⃣ Standard Chartered pilots digital asset prime brokerage
Standard Chartered announced it trialed prime brokerage credit transactions supporting digital asset trades, making it one of the first G-SIBs to execute such trades.
https://t.co/m2G8C30RiU
4️⃣ Ondo launches first-ever custodial tokenized securities in the U.S.
Ondo, in partnership with Broadridge, announced the first-ever live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S.
https://t.co/JSmoLdELtG
CLARITY Act update 👀
✅ House passed
✅ Senate Banking Committee passed
⏳ Full Senate vote next window opens after senators return July 13
Calendar's tight but the path to Trump's desk before August recess is very real. Buckle up
🇰🇷 A South Korean lawmaker just disclosed holding 519,004 XRP in her official asset filing 👀
Her son holds another 3,336 XRP.
Another Seoul councilor reported 409K XRP too.
Politicians are quietly stacking $XRP are you? 💰
Ripple is joining #Giving4th — @America250's new movement to make Independence Day a national day of charitable giving.
We're matching donations to @CODE4Vets up to $10K. CODE funds the most effective organizations helping veterans get back to work, preparing them for the job market and raising awareness of the value they bring to employers.
Give cash, stock, or crypto ($XRP & $RLUSD accepted) — Ripple will match it: https://t.co/zgrLZorPf2
Internet took from the 1960s to 1996 to actually take off. Once it did? Game over, world changed.
Tokenization is on that exact same curve right now and we're sitting at the inflection point. 👀
The slow part is behind us. The fast part is just getting started. 🔥
This is bigger than it looks.
The Major County Sheriffs of America, representing more than 120 million Americans, just shifted from opposing the CLARITY Act to neutral.
Their opposition was one of the biggest roadblocks in the Senate, reinforcing law enforcement concerns and stalling momentum.
With that hurdle now out of the way, the path to passage just got a lot clearer.
One more major hurdle down.
At the heart of our nation's founding stood an enduring idea: trust the individual, not the institution.
That idea has brought about generations of American prosperity.
As we celebrate 250 years of our Republic, may we remain faithful stewards of our extraordinary inheritance.