{"id":177767,"date":"2023-10-20T12:06:23","date_gmt":"2023-10-20T06:36:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177767"},"modified":"2023-10-20T12:06:23","modified_gmt":"2023-10-20T06:36:23","slug":"xrp-explodes-to-2-week-high-amid-another-victory-on-the-sec-ripple-front-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-explodes-to-2-week-high-amid-another-victory-on-the-sec-ripple-front-crypto-news\/","title":{"rendered":"XRP Explodes to 2-Week High Amid Another Victory on the SEC-Ripple Front &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ripple, and in this case, its executives, have notched another notable win against the Securities and Exchange Commission.<\/p>\n<p>This time, the company\u2019s CEO \u2013 Brad Garlinghouse \u2013 and Executive Chairman \u2013 Chris Larsen \u2013 scored the wins, as both were cleared of all claims brought by the SEC.<\/p>\n<ul>\n<li>The SEC began its quest against crypto companies back in December 2020, and its first victim was the blockchain payment giant Ripple.<\/li>\n<li>After more than two years of going back and forth, a US judge ruled in favor of Ripple earlier this year that most of the sales of the XRP token did not constitute unregistered security offerings.<\/li>\n<li>However, the agency also brought charges against the firm\u2019s top execs \u2013 Garlinghouse and Larsen \u2013 for orchestrating the alleged unregistered security sales.<\/li>\n<li>Ripple <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20231019165876\/en\/In-Landmark-SEC-Surrender-Ripple-CEO-Brad-Garlinghouse-and-Executive-Chairman-Chris-Larsen-Are-Cleared-Of-All-Baseless-Allegations\" data-wpel-link=\"external\">announced<\/a> late on Thursday that both executives were \u201ccleared of all claims brought against them by the US Securities and Exchange Commission,\u201d as the regulator \u201cvoted to dismiss charges with prejudice \u2013 a stunning capitulation by the government.\u201d<\/li>\n<\/ul>\n<blockquote>\n<p>\u201cFor nearly three years, Chris and I have been the subject of baseless allegations from a rogue regulator with a political agenda. Instead of looking for the criminals stealing customer funds on offshore exchanges that were courting political favor, the SEC went after the good guys \u2013 along with our entire company of innovators and entrepreneurs \u2013 who are building a regulated business based in the U.S. We look forward to the day this chapter is closed once and for all, now that the SEC has dropped the curtain on their absurd theatrics against Chris and me.\u201d \u2013 Commented Garlinghouse.<\/p>\n<\/blockquote>\n<ul>\n<li>The protocol\u2019s native token reacted with an immediate surge that pushed it from under $0.5 to a multi-week peak at above $0.52 earlier today. Despite losing some ground since then, XRP still trades 6% up on the day at over $0.5.<\/li>\n<\/ul>\n<figure id=\"attachment_281055\" aria-describedby=\"caption-attachment-281055\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/10\/XRPUSD.png\" data-wpel-link=\"internal\"><\/a><figcaption id=\"caption-attachment-281055\" class=\"wp-caption-text\">XRPUSD. Source: TradingView<\/figcaption><\/figure>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple, and in this case, its executives, have notched another notable win against the Securities and Exchange Commission. This time, the company\u2019s CEO \u2013 Brad Garlinghouse \u2013 and Executive Chairman \u2013 Chris Larsen \u2013 scored the wins, as both were cleared of all claims brought by the SEC. The SEC began its quest against crypto [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":177768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-177767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=177767"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177767\/revisions"}],"predecessor-version":[{"id":177770,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177767\/revisions\/177770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/177768"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}