Ripple CLO Sheds Light on SEC's Decision to Drop XRP Claims

Focus on Institutional Sales
Strategic Shift by the SEC
Implications for Regulatory Clarity

Ripple's Chief Legal Officer (CLO), Stuart Alderoty, has provided insights into the U.S. Securities and Exchange Commission's (SEC) decision to drop charges against Ripple executives Brad Garlinghouse and Chris Larsen after a protracted four-year legal battle.

Focus on Institutional Sales

Alderoty highlighted that the SEC's case primarily hinged on allegations that Ripple's sales of XRP constituted unregistered securities offerings. However, the court's prior ruling clarified that XRP itself is not a security, and the SEC ultimately chose to dismiss the claims against the executives.

Strategic Shift by the SEC

The Ripple CLO suggested that the SEC's decision to drop the charges against Garlinghouse and Larsen was a strategic move. He implied that pursuing the case against the executives became less compelling after the court's partial victory for Ripple regarding programmatic sales of XRP on exchanges.

Implications for Regulatory Clarity

The dismissal of charges against Ripple's executives is viewed as a significant step towards greater regulatory clarity for XRP and the broader cryptocurrency industry in the United States. It reinforces the notion that the manner in which a digital asset is sold is crucial in determining its regulatory status.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Cryptocurrency XRP Ripple SEC Brad Garlinghouse Chris Larsen regulatory clarity Stuart Alderoty legal battle

Ripple CLO Sheds Light on SEC's Decision to Drop XRP Claims

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.