Filing: the US SEC drops charges alleging Ripple CEO Brad Garlinghouse and Chairman Chris Larsen aided and abetted the company in violating securities laws
How High Can It Soar? PYMNTS.com : SEC Drops Claims Against Ripple Executives Bhushan Akolkar / Coinspeaker : SEC Clears Ripple Executives of All Charges in Lawsuit, XRP Price Shoots Benson Toti / Bitcoin Insider : SEC case against top Ripple executives dropped Bralon Hill / crypto.news : SEC drops lawsuit against Ripple and its execs Samyuktha Sriram / Unchained Crypto : SEC Drops Charges Against Ripple CEO and Chairman Ana Zirojevic / Finbold : The end: Ripple v. SEC final court case update Lele Jima / The Crypto Basic : SEC ‘Surrenders’ to Ripple and XRP: Details Jana Serfontein / Crypto Daily : SEC Finally Drops Lawsuit Against Ripple Executives, With All Charges Dismissed Zoltan Vardai / Forkast : SEC drops all charges against Ripple's CEO Garlinghouse and co-founder Larsen Mustafa Mulla / Coinpedia Fintech News : The SEC drops charges against Brad Garlinghouse and Chris Larsen! Jody Godoy / Reuters : US SEC drops claims against two Ripple Labs executives Kevin Helms / Bitcoin News : SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed — Ripple Calls It ‘a Surrender by SEC’ Andrew Hayward / Decrypt : SEC Dismisses Lawsuit Against Ripple Execs in ‘Stunning Capitulation’ Damilola Lawrence / Cryptopolitan : SEC drops charges against Ripple's Brad Garlinghouse and Chris Larsen Joel Frank / Cryptonews : XRP Price Prediction As SEC Dismisses Lawsuits Versus Ripple Labs Execs - Can XRP Rally Back to $1? Newton Gitonga / ZyCrypto : Ripple Lawsuit: XRP ‘Blow Up’ Nears As SEC Clears Brad Garlinghouse and Chris Larsen of All Charges Diego Almada Lopez / Crypto Briefing : Ripple Founders Win As SEC Drops Charges Dave Michaels / Wall Street Journal : SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency Michael Grullon / Watcher Guru : SEC drops lawsuit against Ripple XRP Executives Godfrey Benjamin / CoinGape : Big Win for Ripple In XRP Lawsuit, SEC Drops Charges Against Ripple Executives The Block : Ripple celebrates dismissed charges, calling it a ‘surrender by the SEC’ Katherine Ross / Blockworks : No trial: SEC moves to dismiss charges against Ripple's Garlinghouse, Larsen Turner Wright / Cointelegraph : SEC moves to dismiss lawsuit against Ripple's Brad Garlinghouse and Chris Larsen Mastodon: Ann Lipton / @annmlipton@esq.social : @Techmeme Is this so they can appeal faster? X: Stuart Alderoty / @s_alderoty : The SEC made a serious mistake going after Brad & Chris personally - and now, they've capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC. Brad Garlinghouse / @bgarlinghouse : Today was an even better day. Ripple: 3 SEC: 0 In all seriousness, Chris and I (in a case involving no claims of fraud or misrepresentations) were targeted by the SEC in a ruthless attempt to personally ruin us and the company so many have worked hard to build for over a decade. The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF - failing again and again to protect US consumers & businesses. How many millions of taxpayer $ were wasted?! Feels good to finally be vindicated. Alston Joshua / @alstonjoshua6 : JUST IN: The U.S. Securities and Exchange Commission (SEC) dropped charges against @Ripple's CEO Brad Garlinghouse and Executive Chairman Chris Larsen but will continue pursuing damages against the company. by @nikhileshde and @jesseahamilton https://www.coindesk.com/... @lugs007l : Big L for the SEC against @Ripple_XRP1 some say they are doing this to speed up the appeal case against #Ripple. I think its to expedite clarity( under pressure from @BlackRock & co & the government)so that the 🇺🇸 can catch up with the rest of the world! https://www.coindesk.com/... Katherine Kirkpatrick / @kkirkbos : The SEC has voluntarily dismissed the case against #Ripple senior execs. This means they can proceed to appeal the Ripple decision much sooner—otherwise they would have had to wait until the conclusion of that trial in the late spring. James K. Filan / @filanlaw : #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: CASE DISMISSED AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN [image] Adam Cochran / @adamscochran : If this was just a decision about Ripple maybe they'd let some pieces go. But the judge creating a ruling around programmatic sales as a concept being beyond the scope of securities law is something Gensler will fight with every power they've got. Elliott Z. Stein / @nycstein : In addition, I wonder if the SEC wants to avoid a trial where facts could come out that maybe jeopardize the SEC's win on institutional sales. Jacob Franek / @panekkkk : This is insane if true. It's equivalent to the SEC saying that either a) the exec lawsuit was weak or even frivolous OR b) we think the execs broke the law but we don't care we'd much rather rush to appeal so we can crush the crypto industry at large @spreekaway : think the ripple stipulation is best understood as the sec deciding not to bother with a trial (expensive / delays appeal significantly) in order to get the case before an appeals court faster. in that respect its not exactly bullish @lex_node : below is likely the correct read of the Ripple dismissal—instead of the bull signal it might appear, it's really the SEC wanting to appeal the “programmatic sales” and ‘service grants’ holdings immediately nice job by @kkirkbos reading between the lines here Adam Cochran / @adamscochran : Yeah saw the headline, and thought “oh they're just gunning for the appeal” XRP spokes people were dumb to so quickly put out media literally calling this “a surrender” SEC doesn't care about Ripple here. It cares about not letting the programmatic sale judgement stand. Eleanor Terrett / @eleanorterrett : 🚨NEW: @Ripple GC @s_alderoty responds to the dismissal of the charges against Brad Garlinghouse and Chris Larsen, calling it a “surrender” by the @SECGov. 👇🏼 Stuart Alderoty / @s_alderoty : That's 3 consecutive wins for Ripple including the July 13 decision ruling that as a matter of law XRP is NOT a security, the Oct 3 decision denying the SEC's bid for an interlocutory appeal, and now this. Forums: r/ethtrader : SEC Drops Charges Against CEO Garlinghouse, Chairman Larsen