Ripple Does Not Care Whether XRP Is 'Sufficiently Decentralized'

This is a point the SEC latched onto in its suit. “During the process to achieve consensus with respect to a new proposed state of the XRP Ledger, each server on the network evaluates proposed transactions from a subset of servers it trusts not to defraud it, also known as the server’s UNL,” the SEC wrote, referring to Unique Node Lists (UNLs), or the gateways that control who can participate in the blockchain consensus mechanism. While users can control their own UNLs, most use the XRP Foundation’s dUNL (“d” is short for default).