Ripple has secured preliminary CASP approval under MiCA from Luxembourg’s regulator, enabling regulated crypto services across the EEA once finalized. The move comes days before the July 1 deadline as crypto firms race for compliance and Europe tests the new framework.
Once finalized, the license would let Ripple deliver regulated crypto services to banks, fintech firms and other institutional clients across the entire 30-country European Economic Area using one regulatory passport.
https://x.com/Ripple/status/2069315116093362182
The approval arrives while the bloc becomes a major test bed for crypto oversight as the MiCA regime takes hold.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
Sony Bank received preliminary conditional OCC approval to form Connectia Trust, a New York-based subsidiary capitalized with $40 million to manage dollar-denominated stablecoins. The approval arrives as stablecoin transaction volumes hit a record $1.79 trillion last month, intensifying competition in a market dominated by USDT and USDC.
ESMA has warned that binary prediction-market event contracts functioning as financial instruments are prohibited for retail clients under the EU’s binary options ban. The move comes as platforms such as Kalshi and Polymarket expand rapidly and attract traditional-finance interest.
Revolut will stop supporting USDT purchases from July 6 and fully delist the stablecoin after Aug. 31, automatically converting leftover holdings. The move reflects ongoing European regulatory pressure on non-compliant stablecoins such as Tether's USDT.
Gavin Newsom has signed seven bills that require AI data centers to cover the cost of upgrades to local power grids and water systems while also disclosing projected water consumption and satisfying specific efficiency standards. The legislation prevents utility expenses from being transferred to residents as data center activity expands.
The European Union has approved the $55bn acquisition of Electronic Arts by Saudi Arabia's Public Investment Fund (PIF) along with Silver Lake and Affinity Partners. The leveraged buyout, if completed, would become the largest in history and has drawn criticism over sportswashing concerns.
