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⚖️ Regulatory tracker 📘 Key facts 📰 All XRP news
⚖️ Ripple, SEC & regulatory stories
📘 Key facts
Launched
The XRP Ledger went live in 2012, created by David Schwartz, Jed McCaleb and Arthur Britto.
Source ↗Supply
100 billion XRP were created when the ledger launched. XRP is not mined, and no new XRP can be created.
Source ↗Consensus
The ledger uses its own consensus protocol, not proof of work or proof of stake, and closes ledgers every few seconds.
Source ↗Fees
A small amount of XRP is destroyed as the transaction fee on every transaction, so total supply slowly decreases.
Source ↗Escrow
In 2017 Ripple placed 55 billion XRP into on-ledger escrow, released on a monthly schedule.
Source ↗SEC lawsuit
On Dec. 22, 2020 the U.S. SEC sued Ripple Labs and two executives, alleging unregistered securities offerings of XRP.
Source ↗2023 ruling
In July 2023 Judge Analisa Torres (S.D.N.Y.) ruled that Ripple’s institutional XRP sales were unregistered securities offerings, but its programmatic exchange sales were not.
Source ↗