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The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Ripple XRP executives, Brad Garlinghouse and Chris Larsen. The move is seen as a vindication for Ripple, which staged a high-stakes litigation effort. It also serves as a reminder that regulators face litigation risk as well. The SEC dismissed 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 released statements following the SEC's decision. The dismissal of the case against Garlinghouse and Larsen has significant implications for the crypto industry and highlights the ongoing legal battles surrounding cryptocurrencies.
SEC drops lawsuit against Ripple CEO Brad Garlinghouse and Chairman Chris Larsen https://t.co/897qu6nhdM
CRYPTO IN THE COURTS: In Ripple Case ,SEC Dismissal of Garlinghouse & Larsen Delayed By Lack of Ink Signatures; SEC Can Sue But Not Stop? Inner City Press story: https://t.co/9wIxvxiJLp More incl on impact of SBF trial vs Ripple case here https://t.co/pZPikR1R3Z https://t.co/QeoTdj2vNS
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 to drop claims against @Ripple executives Garlinghouse and Larsen. Ripple's larger case still in discussion. https://t.co/jnHTk8diCt
🚨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
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