⚡When you’re trying to build a revolutionary rocket ship, so you create futuristic fuel…
XRP is the native token of XRP Ledger, a public blockchain that’s the foundation of Ripple Lab’s effort to facilitate fast and cheap cross-border payments between banks. (Goodbye, SWIFT. Hello, RippleNet.) Unlike bitcoin and ether, XRP’s 100B tokens were premined — meaning they were all created at once.
A judge ruled last week that XRP is not itself a security — dealing a blow to the SEC. Chair Gensler said Monday that while he’s disappointed with the ruling, the SEC would continue to bring enforcement actions against crypto cos it sees as noncompliant.
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