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Ripple's founder Chris Larsen owns around 6bn XRPs in his personal wallet, and owns 17% of Ripple. Ripple itself owns 60% all XRP ever. Ripple has stated that its goal is that XRP can be used to facilitate financial settlement settlement. Ripple is tied extremely close to the development and operation of the XRP ledger and XRP price, while also owning the vast majority of it. A lawsuit against the company was announced on December 22nd, 2020, can significantly affect the development of the coin.