The cryptocurrency community has finally witnessed the end of the long-running courtroom standoff in which the United States Securities and Exchange Commission (SEC) sued Ripple over the issuance and selling of XRP – with the SEC retreating from the case.
Specifically, the SEC has agreed to dismiss the civil allegations against the blockchain company’s CEO, Brad Garlinghouse, and co-founder Chris Larsen, according to the court documents shared by a former federal prosecutor and popular commentator on the case, James K. Filan, in an X post on October 19.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: CASE DISMISSED AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/BYTe9152jM
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 19, 2023
SEC’s capitulation
Commenting on the development, Garlighouse pointed out that this was his company’s third victory against the regulator, arguing that the SEC targeted him and Larsen in a “ruthless attempt to personally ruin us
We współpracy z: https://finbold.com/the-end-ripple-v-sec-final-court-case-update/
