How Much XRP Does Ripple Labs Have? Company Talks About SEC Ruling in Q2 Report

, the court ruled in favor of Ripple, with Judge Analise Torres declaring that XRP is not a security, in a case involving the SEC and Ripple Labs that dragged on for nearly three years.

Furthermore, the firm addressed the misconception that believed the ruling protected institutional buyers and not retail traders. According to Ripple, the decision focused on the reach of the SEC, while adding that the regulator’s claims to protect investors did the opposite.

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