SEC Chair Gary Gensler has publicly addressed the recent court ruling on the agency's lawsuit against Ripple. He expressed satisfaction at the decision's recognition of the need to protect institutional investors and the importance of fair notice but was disappointed about the comments made regarding retail investors. Crypto exchanges have been relisting XRP, viewing the ruling as a win for them, but Gensler declined to comment on whether the decision would set a precedent due to ongoing litigation. He also stated that the agency already has rules in place about what constitutes a securities exchange and will reserve comments on proposed decentralization legislation for direct inquiries from Congress.