The U.S. Securities and Exchange Commission (SEC) has decided to dismiss charges against Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen, signaling a significant development in the legal battle between Ripple and the SEC. The charges revolved around allegations of securities law violations related to the sale of the cryptocurrency XRP. As a result, a scheduled trial is no longer needed, and both parties will now engage in discussions about institutional sales of XRP. The outcome of this case could have far-reaching implications for the regulatory landscape of cryptocurrencies and blockchain technology in the United States.
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