According to the Brad Garlinghouse CEO, the US Securities and Exchange Commission (SEC) officially withdraws the lawsuit against Ripple Labs.
Brad Garlinghouse is a new video update for social media platform X, and regulators are withdrawn from lawsuits against the company, and the company has raised the sale of securities that were not registered in December 2020.
“I finally see that this incident is over. It’s over. It seems very clear that this incident was ruined four years ago four years ago.
I felt that it would be proved not only on the right side of the law, but also on the right side of history.
Ripple is the first company with resources, determination and grit, the first company to fight the Over Rich of the institution, and this trip finally concludes. Today is a victory.
According to GarlingHouse, the SEC helped protect investors as a means to prevent the digital asset industry. He also said that other government agencies helped the SEC interfere with the industry by accusing encryption companies.
“The main purpose of protecting investors is to go all -in by a lawsuit without victims, not fraud, and caught $ 15 billion in innocent XRP holders. SEC was a market operator.”
In 2023, the judge ruled that XRP’s automatic open market sales were not considered security in response to SEC’s charges.
XRP has risen 13%in the announcement of Garlinghouse and is currently trading at $ 2.53.
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Created image: Midjourney