The Chief Executive Officer of Ripple, Brad Garlinghouse, expressed his hatred for the United States Securities and Exchange Commission (SEC) on August 2, 2023. This was in response to the SEC’s use of Ripple’s quarterly XRP Markets Report as evidence against the company in a court action that is still ongoing at the time of this statement.
On July 31, 2023, Ripple gave a presentation entitled Q2 2023 XRP Markets Report. The report focuses on critical highlights, such as the important summary judgment ruling given by Judge Torres, clarifications on misconceptions, and statistics on Ripple’s XRP holdings, among other things.
Ripple’s XRP holdings increased from 5,506,585,918 to 5,551,119,094, which is equivalent to a gain of almost 45 million, although the total amount of XRP held in ledger escrow decreased by more than 1 billion. It’s possible that the rising demand for XRP is responsible for this shift in the market.
In addition,…
