According to BlockBeats, on August 8, after a U.S. federal judge ruled that Ripple’s sales of XRP to retail customers did not violate federal securities laws, Ripple CEO Brad Garlinghouse posted on X that “the SEC demanded a $2 billion payment, and the court recognized that they had gone too far and reduced their request by about 94%. We respect the court’s ruling and will clearly continue to develop our company. This is a victory for XRP, the industry, and the rule of law. The SEC’s resistance to the entire XRP community has disappeared.”

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