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SEC Dismisses Charges Against Ripple CEO Brad Garlinghouse and Ripple Co-Founder Christian Larsen
Summary: The U.S. Securities and Exchange Commission has dismissed its lawsuit against Ripple Labs CEO Brad Garlinghouse and Ripple co-founder Christian Larsen. "The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case — what remedies are proper against Ripple for its Section 5 ...
The U.S. Securities and Exchange Commission has dismissed its lawsuit against Ripple Labs CEO Brad Garlinghouse and Ripple co-founder Christian Larsen.
"The SEC and Ripple intend to meet and confer on a potential briefing schedule with respect to the pending issue in the case — what remedies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP — and respectfully request until November 9, 2023 to propose such schedule to the Court or, if the parties cannot agree, to seek a briefing schedule from the Court on a contested basis," the SEC said in a filing on Thursday.
Ripple Chief Legal Officer Stuart Alderoty celebrated the dismissal of the charges against its executives, stating, "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."
Author: Katie Lin
Tags: Brad Garlinghouse,Christian Larsen,Ripple Labs,SEC,Securities and exchange commission,Stuart Alderoty
Link: SEC Dismisses Charges Against Ripple CEO Brad Garlinghouse and Ripple Co-Founder Christian Larsen [Copy]
