The Securities and Exchange Commission (SEC) has withdrawn its allegations against Ripple CEO Bradley Garlinghouse and former executive Christian Larsen. This decision follows the SEC’s failed attempts to appeal and delay the trial’s start. The SEC and Ripple have agreed to collaborate on a briefing schedule for remedies related to Ripple’s Section 5 violations. If no agreement is reached, court intervention is possible. Ripple’s Chief Legal Officer sees the SEC’s actions as a significant error and expects the charges against the company’s executives to be dismissed. The legal dispute between the SEC and Ripple began in December 2020.
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