Lawyers representing the United States Securities and Exchange Commission (SEC) have announced their intention to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In a recent court filing, the SEC stated that the parties involved in the case against Ripple have agreed to a dismissal with prejudice, indicating that a trial is no longer necessary. However, it should be noted that the SEC has not dropped its civil case against Ripple itself, which was initially filed in December 2020. The filing also mentioned that the SEC and Ripple plan to discuss the appropriate remedies for Ripple’s alleged violations and have requested until November 9, 2023, to propose a briefing schedule to the court. This is an ongoing story, and more information will be provided as it becomes available.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Brad Garlinghouse, Chris Larsen
Companies	United States Securities and Exchange Commission, U.S. District Court for the Southern District of New York, Ripple
Currencies	XRP
Securities	None