The U.S. Securities and Exchange Commission (SEC) agreed to drop charges against two top Ripple executives, according to an Oct. 19 press release.
The SEC previously charged Ripple CEO Brad Garlinghouse and co-founder and executive chair Chris Larsen with aiding and abetting Ripple’s institutional sales of XRP.
Garlinghouse said in a statement:
“For nearly three years, Chris and I have been the subject of baseless allegations from a rogue regulator… instead of looking for the criminals stealing customer funds on offshore exchanges, the SEC went after the good guys – along with our entire company of innovators and entrepreneurs.”
Larsen, meanwhile, called the case an “abuse by the administrative state” and an “attempt to ruin us personally” while also destroying the company itself.
The SEC did not comment publicly but expressed its decision in an Oct. 19 court filing. In one document, the SEC wrote that its claims are now “dismissed in their entirety, without prejudi
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