{"id":177789,"date":"2023-10-20T12:50:56","date_gmt":"2023-10-20T07:20:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=177789"},"modified":"2023-10-20T12:50:56","modified_gmt":"2023-10-20T07:20:56","slug":"sec-drops-all-charges-against-ripples-ceo-garlinghouse-and-co-founder-larsen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sec-drops-all-charges-against-ripples-ceo-garlinghouse-and-co-founder-larsen-crypto-news\/","title":{"rendered":"SEC drops all charges against Ripple\u2019s CEO Garlinghouse and co-founder Larsen &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple Labs\u00a0 Chief Executive Officer Brad Garlinghouse and Executive Chairman Chris Larsen, according to an Oct. 19 court filing.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/xrp-sec-ripple-crypto-clarity\/\">XRP triumphs over SEC, but crypto clarity remains in the shadows<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts:<\/h3>\n<ul>\n<li>The SEC will no longer pursue claims that Ripple\u2019s Garlinghouse and Larsen aided the company in violating securities laws related to its XRP transactions.<\/li>\n<\/ul>\n<ul>\n<li>According to Thursday\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.551082\/gov.uscourts.nysd.551082.918.0_3.pdf\">filing<\/a>, the parties agreed to voluntarily dismiss the aiding and abetting charges with prejudice, meaning that the charges can\u2019t be filed again.<\/li>\n<\/ul>\n<ul>\n<li>The filing added that the SEC will continue pursuing its claims against Ripple.<\/li>\n<\/ul>\n<ul>\n<li>In July, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/ripple-xrp-not-security-industry-cautious\/\">Judge Torres<\/a> ruled Ripple Labs\u2019 programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to file <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/sec-granted-permission-file-interlocutory-appeal-ripple-case\/\">an interlocutory appeal<\/a> until Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances.<\/li>\n<\/ul>\n<ul>\n<li>Earlier this month, Judge Analisa Tores rejected the agency\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/xrp-up-4-judge-denies-secs-interlocutory-motion\/\">interlocutory motion<\/a> to overturn her ruling.<\/li>\n<li>In December 2020, the SEC sued the San Francisco-based technology firm and its executives alleging that Ripple\u2019s sale of XRP was an unregistered securities offering.<\/li>\n<\/ul>\n<ul>\n<li><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/xrp-what-is-ripple-labs-xrpledger\/\">The XR<\/a>P token rose 6.49% in the 24 hours leading up to 4:50 p.m. in Hong Kong, to trade at US$0.512, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\">CoinMarketCap<\/a>.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/video-audio\/valkyrie-cio-expects-us-spot-bitcoin-etf-approval-in-q2-2024\/\">Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple Labs\u00a0 Chief Executive Officer Brad Garlinghouse and Executive Chairman Chris Larsen, according to an Oct. 19 court filing. See related article: XRP triumphs over SEC, but crypto clarity remains in the shadows Fast Facts: The SEC will no longer pursue claims that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":153461,"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-177789","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\/177789","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=177789"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177789\/revisions"}],"predecessor-version":[{"id":177790,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/177789\/revisions\/177790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/153461"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=177789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=177789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=177789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}