The SEC has withdrawn its lawsuit against Ripple CEO Brad Garlinghouse and executive Chris Larsen, who were accused of illegally raising over 1.3 billion dollars through an unregistered securities offering by selling XRP. The legal case against Ripple executives has been ongoing since December 2020. This marks the third consecutive victory for Garlinghouse, Larsen, and Ripple, following the decision in July 2023 that declared "XRP is not a security in and of itself" and the subsequent denial of the SEC's interim appeal request in October.

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