Following the recent ruling by Judge Torres that XRP is not a security, Ripple is seeking to expand further in Europe and has applied for registration as a crypto asset firm with the UK's Financial Conduct Authority and for a payment institution license in Ireland. The company announced plans to expand to other European countries last year, and the recent ruling has given them confidence to seek approval for licenses in the UK and Ireland.

Ripple CEO Brad Garlinghouse has previously stated that the US will remain the company's global hub, but the lawsuit against the SEC and Gary Gensler's approach to the crypto market has led to most developments happening outside the US in recent years.