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Ripple Releases Q2 XRP Markets Report Crypto payments solutions firm Ripple has released its Q2 2023 XRP Markets Report, according to an official announcement on August 2. The firm took a different direction for this quarter and focused on Judge Torres’ landmark summary judgment ruling, dispelling misconceptions, and Ripple’s XRP holdings. advertisement Ripple CEO Brad Garlinhouse, said: “We began these reports to voluntarily provide updates given our XRP holdings. Sadly, they were used against us in the SEC lawsuit – however, we remain steadfast in our commitment to transparency but I suspect they’re going to look a bit different moving forward.” According to the report, Ripple’s XRP holdings increased from 5,506,585,918 to 5,551,119,094, rising almost 45 million. Total XRP on ledger escrow decreased by nearly 1 billion amid demand for XRP . Recommended Articles ...

The “ Financial Innovation and Technology for the 21st Century Act ” is introduced by US House of Representatives Republicans Glenn Thompson, French Hill, and Dusty Johnson. Others such as pro-crypto Congressmen Patrick McHenry, Tom Emmer, and Warren Davidson are also named as key contributors. The bill introduced today is the latest version that’s signed, has a bill number, and will be marked up next week. advertisement It will provide clarity on the digital asset ecosystem and oversight of the crypto industry. The bill offers both the Securities and Exchange Commission  (SEC) and the  Commodity Futures Trading Commission  (CFTC) jurisdiction over the crypto industry in separate areas. Patrick McHenry , Chairman of the House Financial Services Committee, said: “This is a pivotal moment for America’s standing as the global leader in innovation and technology adoption. Not only can digital assets revolutionize our finan...