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SEC drops charges against Ripple executives Brad Garlinghouse and Chris Larsen in ongoing XRP litigation. Leo Schwartz. October 19, 2023 at 2:21 PM. Joseph Nair—Bloomberg via Getty Images.
The interview was his first since a judge ruled last Thursday that the XRP token issued by Ripple was a security when sold to institutional investors but not to the general public. The SEC sued ...
(Reuters) -The U.S. Securities and Exchange Commission dropped claims against two Ripple Labs executives in its lawsuit alleging the blockchain company violated U.S. securities law, according to a ...
Garlinghouse joined Ripple as COO in April 2015, reporting to then CEO and co-founder Chris Larsen. He was promoted to CEO in December 2016. [8] In December 2019, Garlinghouse announced that Ripple had raised a $200M series C funding round from Tetragon, SBI Ventures and Route 66 Ventures. [9]
The government agency brought charges against Ripple [31] for depriving the “potential purchasers [of XRP] of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to our robust public market system,” according to the complaint that the SEC filed in federal district court ...
Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued Ripple, alleging that the company broke securities laws when it sold its XRP (CRYPTO: XRP) cryptocurrency to investors. Ripple ...
That could strengthen the SEC’s hand going forward. Some favorable aspects of the decision for Ripple seem ripe for a reversal on appeal. That could strengthen the SEC’s hand going forward.
In 2020, the SEC sued San Francisco-based Ripple and its current and former chief executives, alleging they conducted a $1.3 billion unregistered securities offering by selling XRP, which Ripple's ...