The U.S. Securities and Exchange Commission (SEC) has dropped its aiding and abetting charges against Ripple’s top executives. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen have expressed relief and criticized the SEC for baseless allegations. Ripple claims that the regulatory confusion caused by the SEC has pushed crypto innovation out of the US. The decision to drop the charges has led to a 7% increase in the price of XRP.

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