Crypto Live News
Author: Mustafa Mulla
Mustafa Mulla 
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Oct 20, 2023 10:10
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
The US Securities and Exchange Commission (SEC) has dropped charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen, according to a statement from the company. The SEC brought the charges against Ripple and the two executives in December 2020, alleging that distributions of the digital asset XRP should have been registered as a security. Ripple won a victory in July 2023 when a ruling declared XRP was not a security. The SEC then tried to appeal the court’s ruling, but that effort failed. On Monday, October 25, the SEC dismissed with prejudice the claims against Garlinghouse and Larsen that were scheduled for trial next year.