Did the SEC Drop Charges Against Ripple (XRP) CEO and Chairman? Here are the Details!
The regulator had also accused them in the securities infringement case related to XRP transactions, but has now stated that it is only pursuing the Ripple case. Ripple's top leaders have been acquitted of SEC allegations of securities violations that spanned years in federal courts. The case is seen as one of the forerunners of the ongoing dispute between the crypto industry and the SEC over what constitutes security. The U.S. Securities and Exchange Commission (SEC) has indicated it will no longer pursue allegations that Ripple CEO Brad Garlinghouse and Chairman Chris Larsen have been accused of violating federal securities laws, and a lawsuit planned for next year will be canceled. He scored another victory in the institution's long-running lawsuit against him.
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