SEC Drops Charges Against Ripple Executives

October 22nd, 2023
The SEC has voluntarily dropped the charges against Ripple (XRP) CEO, Brad Garlinghouse, and Chairman, Chris Larsen. The charges were accusing the Executives of aided and abetted Ripple in violating federal securities laws. The SEC will continue to pursue the lawsuit against Ripple, the company. Some speculation asserts that the charges were dropped against the Executives in order to allow the lawsuit against the company to conclude much sooner.
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