The US Securities and Exchange Commission (SEC) has dropped charges against Ripple CEO Brad Garlinghouse and Chief Legal Counsel following a legal battle. This decision marks a significant development in the ongoing dispute between Ripple Labs and the SEC. The SEC had accused Garlinghouse and the company's co-founder, Chris Larsen, of conducting an unregistered securities offering through the sale of XRP tokens. The dropping of charges is seen as a win for Ripple and the broader blockchain industry. The news comes after Ripple's recent settlement with the SEC regarding the sale of XRP, which resulted in a $10 million fine for the company. Ripple's victory in this case could have implications for the regulation of cryptocurrencies and the future of the blockchain space.
Ripple statement... https://t.co/CXOwF06xrh
Seems like a big victory for the Ripple execs https://t.co/uGmofSEIHx
US SEC drops claims against two Ripple Labs executives https://t.co/jRoZucLUA0 https://t.co/tEVvFL0znO
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
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.