The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against executives of Ripple XRP, including Brad Garlinghouse and Chris Larsen. This move is seen as a vindication for Ripple's high-stakes litigation effort and serves as a reminder that regulators also face litigation risk. The SEC had accused Ripple Labs of violating U.S. securities laws by conducting an unregistered securities offering through the sale of XRP tokens. With the dismissal of aiding and abetting claims against Ripple Labs executives, the case takes an unexpected turn. Ripple's win over the SEC had initially given XRP a significant boost, but the recent development has erased those gains. The dropping of the lawsuit by the SEC marks a significant development in the ongoing legal battle between Ripple and the regulatory agency.
US SEC drops claims against two Ripple Labs executives https://t.co/jRoZucLUA0 https://t.co/tEVvFL0znO
BREAKING: The SEC has dropped its lawsuit against Ripple executives
SEC went 0-3 versus Ripple Love or hate XRP, the precedent set here is bullish for the entire crypto ecosystem
SEC to drop claims against @Ripple executives Garlinghouse and Larsen. Ripple's larger case still in discussion. https://t.co/jnHTk8diCt
⚠️ 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
JUST IN: 🇺🇸 SEC drops lawsuit against Ripple XRP executives. https://t.co/sfTVfl3KU2
The SEC's move to drop its case against @Ripple's Garlinghouse and Larsen is a vindication for the high-stakes litigation effort Ripple staged and a reminder that regulators face litigation risk too https://t.co/orfXixSRDm
Another Blow for the SEC in Case Against #Ripple - What's the Next Move? https://t.co/T5M22a1XnL
Ripple’s Win Over SEC Gave XRP a Massive Boost—That’s All Gone Now ► https://t.co/pCRJeqYNo7 https://t.co/pCRJeqYNo7