{"id":178180,"date":"2023-10-21T00:09:24","date_gmt":"2023-10-20T18:39:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178180"},"modified":"2023-10-21T00:09:24","modified_gmt":"2023-10-20T18:39:24","slug":"garlinghouse-and-larsen-cleared-of-all-charges-by-sec-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/garlinghouse-and-larsen-cleared-of-all-charges-by-sec-crypto-news\/","title":{"rendered":"Garlinghouse and Larsen Cleared of All Charges by SEC – Crypto News"},"content":{"rendered":"

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Alex Dovbnya<\/p>\n

<\/a><\/p>\n

The U.S. Securities and Exchange Commission (SEC) has formally dropped its charges against Ripple executives Brad Garlinghouse and Chris Larsen<\/p>\n<\/div>\n

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The U.S. Securities and Exchange Commission (SEC) has officially dismissed<\/a> its pending claims against the top Ripple executives, Brad Garlinghouse and Chris Larsen.\u00a0<\/p>\n

The XRP price has spiked more than 5% on the news.\u00a0<\/p>\n

No April 2024 trial\u00a0<\/h2>\n

Originally, the SEC’s claims revolved around allegations that both Garlinghouse and Larsen aided and abetted Ripple in violating Section 5 of the Securities Act of 1933. This specifically pertained to Ripple’s “institutional sales” of the XRP cryptocurrency.\u00a0<\/p>\n

As reported by U.Today, an Oct. 3 court order set a trial date for the aforementioned claim. However, the recent dismissal makes the upcoming trial redundant.<\/p>\n

The most recent development in the case caught many observers by surprise. “Wow. did not see that coming,” ETF analyst James Seyffart posted on X<\/a>.<\/p>\n

Not out of the woods\u00a0<\/h2>\n

The dismissal marks a major win for Ripple’s executives, but it doesn’t conclude the SEC’s scrutiny of Ripple Labs.\u00a0<\/p>\n

The SEC’s filing indicates that the regulator will further engage with Ripple in order to determine the appropriate remedies for the latter’s purported Section 5 violations related to the institutional sales of the XRP token.\u00a0<\/p>\n

As reported by U.Today<\/a>, the SEC’s recent motion for an interlocutory appeal in its case against Ripple was denied. However, legal experts believe an appeal is still feasible<\/p>\n<\/div>\n

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About the author<\/p>\n


\n\"article<\/p>\n

Alex Dovbnya<\/p>\n

<\/a><\/p>\n

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Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry \u2014 from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He\u2019s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Alex Dovbnya The U.S. Securities and Exchange Commission (SEC) has formally dropped its charges against Ripple executives Brad Garlinghouse and Chris Larsen The U.S. Securities and Exchange Commission (SEC) has officially dismissed its pending claims against the top Ripple executives, Brad Garlinghouse and Chris Larsen.\u00a0 The XRP price has spiked more than 5% on the […]<\/p>\n","protected":false},"author":2,"featured_media":178181,"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-178180","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\/178180","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=178180"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178180\/revisions"}],"predecessor-version":[{"id":178183,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178180\/revisions\/178183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178181"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}