According to BlockBeats, on August 8, Ripple CEO Brad Garlinghouse commented on a recent court ruling regarding the sale of XRP to retail customers. The ruling determined that Ripple's actions did not violate federal securities laws. Garlinghouse stated on X that the SEC had initially demanded $2 billion, but the court recognized the excessive nature of this demand and reduced it by approximately 94%. He expressed respect for the court's decision and emphasized Ripple's commitment to continuing its business development. Garlinghouse described the ruling as a victory for XRP, the industry, and the rule of law, noting that the SEC's resistance against the entire XRP community has now been eliminated.
