Ripple just hit another regulatory milestone—securing preliminary approval for an Electronic Money Institution license in Luxembourg, building on its recent UK licensing win. What's notable here is the cumulative picture: the company now holds 75+ licenses globally, positioning itself as arguably the most heavily regulated player in the crypto space. That kind of license portfolio doesn't happen by accident. It reflects years of compliance infrastructure and a deliberate strategy to operate within traditional financial frameworks. For traders and institutions watching how crypto firms navigate regulation, Ripple's track record offers a practical blueprint of what mainstream institutional adoption might actually look like.