SEC Clears Ripple CEO Garlinghouse and Chairman Larsen of All Charges

The U.S. Securities and Exchange Commission (SEC) has dropped its charges against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen, clearing them of accusations of aiding and abetting the company in violating federal securities laws in its XRP transactions. The SEC will continue pursuing its claims against Ripple. This development comes after a judge ruled in July that Ripple had not violated federal securities laws in making XRP available to retail investors but had violated them in selling XRP directly to institutional investors. The SEC's pursuit of crypto firms has faced several setbacks, and these court battles may shape the U.S. government's approach to digital assets in the absence of regulatory laws from Congress.