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Ripple's CTO Clarifies ODL-Related Sales and US Nexus Concerns After XRP Ruling

Ripple's CTO, David Schwartz, has stated that Ripple does not conduct ODL-related sales with a US nexus and that they can still operate ODL within the US as long as the XRP used in these transactions does not come directly from Ripple. This comes after concerns were raised about the classification of ODL-related sales following the ruling of XRP as non-security by Judge Analisa Torres.

The discussion around ODL-related sales was prompted by a tweet from Leonidas, who noted a shift from institutional and programmatic sales to ODL-related sales in Ripple's quarterly reports. However, Ripple's Chief Legal Officer, Stuart Alderoty, clarified that the court's finding regarding an investment contract specifically pertained to past direct XRP sales made to institutional clients.

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