The U.S. Securities and Exchange Commission (SEC) is dismissing aiding and abetting claims against Ripple Labs executives in its lawsuit alleging the blockchain company violated U.S. securities laws. Ripple CEO Brad Garlinghouse and Chief Legal Counsel Chris Larsen have been cleared of charges. This development marks a significant milestone for Ripple and the blockchain space.
SEC went 0-3 versus Ripple Love or hate XRP, the precedent set here is bullish for the entire crypto ecosystem
Congrats @bgarlinghouse, Ripple, and the blockchain space. https://t.co/ADy2K1Qrpq https://t.co/jvgk0TfzJJ
$XRP spiked as much as 6% Thursday afternoon after the SEC dropped charges against Ripple Labs CEO Bradley Garlinghouse and chairman Chris Larsen. @sndr_krisztian reports https://t.co/SvyARcctVf
🚨BREAKING: RIPPLE CEO BRAD GARLINGHOUSE AND CHIEF LEGAL COUNSEL RELEASE STATEMENTS FOLLOWING THE SEC DROPPING CHARGES AGAINST GARLINGHOUSE AND LARSEN https://t.co/92LTxkoRMz
⚠️ SEC DROPPING CLAIMS AGAINST RIPPLE EXECUTIVES - COURT FILING Full Story → https://t.co/Kasaju7TuZ The U.S. Securities and Exchange Commission is dismissing aiding and abetting claims against Ripple Labs executives in its lawsuit alleging the blockchain company violated U.S.… https://t.co/eFgBAe8NeT https://t.co/CWmxJ33jnu
The @SECGov has filed a letter in Manhattan federal court saying it will drop its 3-year-old lawsuit against @Ripple execs @bgarlinghouse and Chris Larsen. Story coming soon.