Ripple Labs has made significant improvements to the XRPL ecosystem and increased XRP liquidity. The company holds the largest share of XRP through an escrow account. The XRPL Foundation, a non-profit organization under French law, has been incorporated to further support the XRPL network. The foundation aims to increase developer engagement, establish strategic partnerships, and advance regulations. The XRP price has seen a 200% surge in the last three weeks following news of the resignation of the current SEC Chair Gary Gensler. The creation of the XRPL Foundation is expected to boost the mainstream adoption of XRP.



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