giant has conducted a scheduled programmed release of one billion XRP from its escrow addresses — a regular thing to do on the first day of a new month.The San Francisco-based blockchain company this time unlocked the XRP in four transactions; two chunks carried 400 million XRP each and two stashes carried 200 million XRP together. All in all, that adds up to a billion tokens.
Torres drew a line between sales of XRP conducted by Ripple to financial institutions and those made by the company to retail investors. The former were qualified as securities and the latter as nonsecurity sales. In the case of Terraform Labs and its creator Do Kwon, regarding sales of the LUNA token to various type of investors, the judge seems to be of a different view as to the status of the tokens sold by the emitter. This decision now gives a major blow to the legal position of Ripple. A former SEC official has stated that
Source: Law Daily Report (lawdailyreport.net)
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