(6/🧵) July 2023: Torres Gives XRP “Partial Clarity”…. Just Enough for Retail Hype, Not Institutions

Judge Torres ruled:

•XRP sold to retail = NOT a security ✅

•XRP sold to institutions = Security ❌

•Fine = $125M (when SEC wanted $2B+)

Think about that:

✅ Ripple wins hype

❌ Institutions stay sidelined

🔒 The case stays open

That’s narrative control.