BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen

SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple Labs  Chief Executive Officer Brad Garlinghouse and Executive Chairman Chris Larsen, according to an Oct. 19 court filing.



See related article: XRP triumphs over SEC, but crypto clarity remains in the shadows



Fast Facts:




The SEC will no longer pursue claims that Ripple’s Garlinghouse and Larsen aided the company in violating securities laws related to its XRP transactions.





According to Thursday’s filing , the parties agreed to voluntarily dismiss the aiding and abetting charges with prejudice, meaning that the charges can’t be filed again.





The filing added that the SEC will continue pursuing its claims against Ripple.





In July, Judge Torres ruled Ripple Labs’ programmatic sales of the XRP token to retail investors did not qualify as financial securities. The judge granted the SEC to file an interlocutory appeal until Aug. 18. Interlocutory appeals occur before all claims to both parties are resolved and are only allowed under specific circumstances.





Earlier this month, Judge Analisa Tores rejected the agency’s interlocutory motion to overturn her ruling.



In December 2020, the SEC sued the San Francisco-based technology firm and its executives alleging that Ripple’s sale of XRP was an unregistered securities offering.





The XR P token rose 6.49% in the 24 hours leading up to 4:50 p.m. in Hong Kong, to trade at US$0.512, according to CoinMarketCap .




See related article: Valkyrie CIO expects US spot Bitcoin ETF approval in Q2 2024

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ SEC drops all charges against Ripple’s CEO Garlinghouse and co-founder Larsen


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



Dokky PRO - Bookcase Shop Script